Q: I am about to buy a home and just did the final walk-through before closing. We agreed to buy the house as-is and did thorough inspections about a month ago, as per the contract, and everything seemed fine. Now the refrigerator doesn’t work and the toilet is completely stopped up. Do I still need to close? – Carlos
A: In a typical as-is purchase, the buyer is allowed a certain amount of time to have the property inspected. If the property is not to his or her liking, the contract may be canceled and the deposit money returned. If the contract moves forward, the seller has no obligations to make any repairs for existing issues the buyer finds.