"As is" "Where is" addendum

[Albert Olivarria]

Hello all, I have a counter offer on a duplex that I am trying to purchase. The owner has never occupied the property, so there is no property condition report. They added in an "as is" "where is" addendum to the offer. The thing is they also agreed to do the work needed to bring the property up to FHA standards in the offer. What does this mean for me?

Milwaukee Wisconsin