Gene, Hung is correct, as usual. However, those items can have certain negotiated conditions attached.
I've seen it where it is truly as is, where is, no exceptions.
I've also seen it where the Buyer pays for a pre-buy in the form of an annual inspection. Any airworthy items are paid for by the seller and the balance is paid for by the buyer.
If I was to sell my plane, I'm not letting it go anywhere for an inspection that I'm not with it. Every story of someone getting taken during an airplane sale starts with, "well, I trusted him."
I'll trust them if they give me cold cash in the hand. Then they can have the keys and the books and see ya later! Otherwise, you can structure your selling experience to only include those things that you're comfortable with and make it as fair as possible.
I don't envy you for the task you're about to undertake.
Good luck.
