However, some repairs are just not worth it. If the problem that the house owner refuses to fix or pay for is dangerous and you cannot fix it, back off. If there is “knob and tube” wiring from the 1950s in the basement that the owner will not remove and rewire, and won’t adjust the price accordingly so that you can make the change immediately upon assuming ownership, then it may be time to give up on the house. You do not want to endanger your family, and not even that otherwise perfect Victorian house is worth it. If the problem is something you need to fix soon, but it is too expensive for you, back off. If the issue is likely to cause a chain of other problems and it is hard to estimate how much it will cost, back off. Consider the pros and cons carefully and listen to your real estate team’s advice. They are usually more experienced and will be able to explain the advantages and disadvantages of sticking it out or backing off to you better than anyone else. Also, listen to your own gut. If the doubts and uncertainties are too anxiety-provoking, it may be better to turn the house down and start over.
CAN INSPECTIONS AFFECT THE H NS AFFECT THE HOUSE VALUE?
The short answer is, “yes they can,” but do not count on it too much. Thinking of the inspection phase as another chance to revisit price is not a good strategy. It is rare for the house inspection to greatly affect the sale price. That price has generally been negotiated prior to the inspection and the inspection is only used to validate and verify the home’s apparent condition. The role of the home inspection is to protect the buyer from inheriting major issues with his purchase. Home appraisal, on the other hand, makes sure that a lender does not pay more
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