When you are looking for a fast or low-hassle sale and don't have a stash of funds to put toward renovations, you might choose to sell a house as-is. However, while you don't have to lose a large percent of home value, you will probably have to price the property for less than if you were willing to make strategic upgrades and repairs. And the "as-is" status could scare off some buyers, who see the term as synonymous with "bad shape" or "run-down."