# As-is, where-is and inspection

Lesson 2 of [Buy government surplus at auction](https://auctionfinder.fyi/academy/buying-government-surplus-at-auction.md), 16 minutes.

Surplus goods usually sell as-is and where-is. These two terms move most of the risk to you. What the terms mean - As-is: you buy the item in its present condition, with all its faults. Do not expect a warranty or a return unless the terms of the sale give one. - Where-is: the item stays where it is…

The rest of this lesson is for learners enrolled in the course. [See how Buy government surplus at auction works](https://auctionfinder.fyi/academy/buying-government-surplus-at-auction.md).

Also on the [web page](https://auctionfinder.fyi/academy/buying-government-surplus-at-auction/as-is-where-is-and-inspection).

> Beware of auction fraud and shill bidding: never wire money or pay by gift card to a seller you cannot verify, and walk away when a price is run up by a bidder who never buys.