"As is, where is" condition

[Bryan Caprioli]

This has come up in the past 2 apartment deals that I am brokering. Seller wants buyers to purchase the property in "as is, where is" condition, even though the properties aren't in bad shape...just a little outdated. As a buyer, seller, broker, how does this phrase change your perception of the property? Also, what language do you use in a sale that gets the same message along... that the seller wants to make it clear that he just doesn't want to make any unnecessary repairs or give credits for obvious upgrades?