What does "as-is" mean in the context of an auction?

In the context of an auction, the term "as-is" signifies that the buyer accepts the property in its current state, with all its imperfections and without any guarantees regarding its condition. This means that the seller is not responsible for any repairs, issues, or deficiencies that may exist at the time of the sale. Buyers should understand this implies that they are taking on the risk associated with the property's condition, which may include potential defects or needed repairs that they may not be aware of at the time of purchase. This is an important aspect of auction sales, as it encourages buyers to conduct their own due diligence before bidding.