its useful life and needs replacement, or the sub-structure leaks and can't be inexpensively remediated. You might ask the seller to reconsider the sale price vastly, ask for the full amount to fix the problem(s), or walk away. A complete inspection should be part of the conditions/contingencies in a home sale; thus, failing the inspection, the seller will return any earnest or escrow money if the conditions stipulated in the contract are met. Regretfully, there's no standard template or step-by-step guidance about what to do if there are issues with the house. It depends on how you crafted your conditions. The best buyer option (and probably would only happen in a buyer's market) is where the seller is liable for all the repairs. Some contracts may include cost limits or split liabilities. If you buy the house "as is" and your inspection was only for informational purposes, sadly, you will have to calculate the repair costs and plan how to fix your new home. Some common problems that should be considered include the roofing, replacing the pipes, fixing any leaks, and the requirement for new wiring for any 30- to 50-year-old houses.
WHEN TO WALK AWAY
Professionals say you should cancel the deal if you can't buy the house you want on the conditions that you wish to and for the money that you have. In a buyer's market, the seller will negotiate on minor repairs disclosed by an inspection long before the thought of walking away hits you. However, some repairs are just not worth it. If the problem that the homeowner refuses to fix or pay for the problem is dangerous and you can't fix it, it may be time to walk away. If the problem is something you need to fix soon, but it is too expensive, please feel free to walk away. If the issue is likely to
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