Renegotiate Post Inspection (As is sale)

[Ryan Brown]

I just went into contract on my first SFR and the contract stipulates as is. No sweat. Now comes my inspection. I asked my agent if I can use any issues that come up in the inspection to renegotiate the price. She said no and explained that my only option would be to back out and lose my earnest money.

My understanding was that “as is” means that the seller will not make repairs, BUT it does leave the deal open to renegotiation if anything turns up in the inspection that wasn’t previously disclosed.

Perhaps I’ve misunderstood the renegotiation post inspection idea? Maybe it’s something that’s done but isn’t the planned prescribed way? Maybe it’s bad form or a bit of a dick move among owner occupant but it’s done commonly among investors?

Any help/advice/guidance would be highly appreciated. Thanks BP community!