Legally, it means nothing.   It is merely the terms of an offer that is extended to potential buyers.   

 The only thing that "means something" is a contract between the buyer and seller that explicitly states what the parties have agreed upon.

This may mean something different from state to state. I know what it means in my state - understand what it means in your state. 

In California it means that the sellers are under no obligation to repair anything or even respond to a repair request.

It means that the seller is not interested in fixing anything and they want to sell it "as it is"...

It does NOT mean that they won't do repairs or they will not negotiate.

Eve

it can mean cash offers only can buy it... in the case of some foreclosures.

but mostly no repairs.

don't expect repairs

It text it means the Seller is under no obligation to repair anything. It should mean the seller has no interests in knowing anything about the inspection report.
In practice buyer agents and listing agents 'evaluate' the requests. By doing so, 'As Is' is moot.

Will,

Ryan Huggins - Thousand Oaks, CA gave you the California story.  It differs in each state.

It's the seller's wishes for the contract to say no repairs will be made, but until it's a contract... it's just that wishes.

Seller is saying "it is what it is". 

don't expect the seller to make repairs but it opens up a second round of negotiation if this is the only buyer.  

I cant count the number of times a buyer has told me they were ok with a fixer upper.  then curled their lips when shown a few.  

I don't think it truly means anything, just something that the banks made up because they weren't willing to do repairs, haha.  Every home is listed "as-is" whether it is in immaculate condition or not.  I have always ignored "as-is" and my buyers will still have an inspection and still request repairs for items that are important for them.

Our foreclosures are listed as is, where is. What you see is what you get.

"As--is" means the Buyer accepts the property as is where is at the time the contract is ratified. The Seller must covey the property in substantially the same condition as when the contract was accepted.

Do your due diligence & don't ask for ridiculous repairs. This is for IL. Even with that said, buyers seem to do what they want anyhow.

Could mean for this condition this price or this price for this condition. 

'In substantially the same condition as this very moment in time'

No doubt it varies by state. See what Ryan Huggins - Thousand Oaks, CA Says. It's specifically addressed in our contract.

As-Is - is as it is in its current condition. 

In my mind it's telling potential buyers the seller doesn't plan to put any money into repairs and offers should be made accordingly.  This is common on estates and when the seller has no money to fix deficiencies. 

There are certainly ways to deal with this and still make a home that needs repairs financeable. It's all about negotiations.

Seller will make no warranties or repairs. Buyer should do their due diligence and proceed accordingly.

That said, buyer can negotiate and seller can accept, renect or counter offer 

That they want a discounted price, and buyers that will still demand repairs.

Take it or leave it. Seller is not changing or replacing a thing... just signing the deed of conveyance and good luck. What you see if what you get. Take your chances.

It has different meanings if you are a bank or an owner occupied seller. A bank has less liability and can sell "as is" , A person who lives in a house, can sell as is meaning they are not doing any work or giving any credits, but have to disclose anything wrong with the house. 

We ain’t fixing anything.

In short they don't intend to do any repairs.

Many people will read inot it further and believe it is quite "tired"

I personally love as-is as i don't llike paying for what other people consider a necessary rehab.

In my market it doesn't mean nothing as the vast majority of homes are listed that way. In fact, I don't remember seeing one listed otherwise in a long, long time. 

It just means that the house is for sale.

It means it's a standard listing.