I think it depends on how you feel about the house,the location and the price. We are also in the process of buying a house. We found one at a great price, very close to the beach. Much closer than we ever thought we could get. It's tiny that is part of the price but We have found out since under contract it has a lot of things that are up to be replaced soon. (HVAC, roof) Kitchen could stand to be remodeled. BUT we are willing to take it on because we know normally a house this close to the beach would be well out of our budget... So I'm going to say if you love it it may be worth it.
Like this poster, we bought an ocean front "fixer upper" that needed sand fencing, new HVAC, new electrical box to connect to Dominion power box, new hot water heater, deck work, new windows on second level, had octagonal window that leaked, kitchen remodel, septic had not been pumped in decades, and more! Had been for sale for 2 years, owner was only going to put minimal investment in the property, and was NOT going to pay for repairs.
The dh and I wanted ocean front and made a reasonable offer, not asking for any repairs from owner. We went in eyes wide open. even with all this, owner did not sell "as-is", all the things were disclosed. We love our house, even after all the costs of above items.