Being sold "as-is" does not mean that the condition of the property is being hidden from the potential buyers. In fact, a professional real estate auction company will utilize disclosure forms and encourage real estate auction sellers to disclose all known defects or issues with the property.
In addition to full disclosure, a professional real estate auction company will not only give ample opportunity, but also encourage real estate buyers to conduct inspections prior to the real estate auction. This allows the potential buyer to make a determination of value based on their own inspections, or an inspection from a hired professional.