Do you have the resources (time, money, desire) to bring the house up to snuff ?
If so, ask for a credit or a reduction in price based on estimates of the repairs.
Some of our experiences …
We’ve bought 4 houses and sold two (primary and rentals) and have a couple instances of significant items in the inspection.
In one case we asked for about $10K credit on a $1.1M house. Seller wouldn’t budge, so we walked…. luckily.
In hindsight the repairs would probably have been 2 -3 x our request.
IN another case we found a slab issue and requested a credit for an estimate of the repair. That one we did get. And still own to this day. Spent some money on it, but it was a fixer that we got at a fixer price.
Other two cases there was the usual list of issues:
1- some termite damage
2- Missing GFI / grounding
3 – water pressure valves/limiters (or something like that… been a while) based on newer codes.
In those cases we typically had some of the work done, seller paid prior to close.
So, if you are getting a good price and have the resources and willingness to polish up and fix this, then consider moving forward. All houses have problems.
If an extra $20K in fixes in the first few of years will cause you to lose sleep, I would consider walking away.
