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What are reasons for "cash only and no inspections"? OH

Looked at a house yesterday. On the market for four days. Super cute but needs a lot of updates (prob around $60,000 according to my contractor dad, who saw the house as well). The realtor had already fielded six offers, but the seller would only take "cash with no inspections." What might that mean? I doesn't sound good, but I am not that knowledgeable about real estate.

submitted by /u/xfileluv
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source https://www.reddit.com/r/RealEstate/comments/v0d01j/what_are_reasons_for_cash_only_and_no_inspections/
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