When I told the Seller, he said he had no objections to the inspection, but he was told by a "friend" who buys and sales homes, that people often take the Inspection report to the bargining table and use it as a deal breaker, ie, EITHER FIX ALL THE PROBLEMS IN THE REPORT or DROP THE PRICE OR WE WALK. And the seller said when he quoted me a price, he gave me the firm bottom price. He had it marked up to 'account' for any negotiation.
I have to tell you this never, never occured to me. I am hoping that the report will save me from buying a "Money Pit." I realize the home I am trying to buy is not new and there will be MINOR problems.
I don't have a friend who is a realestate agent to ask these questions. Not even a friend of a friend of a friend who saw a show.......
But, while I know some wear and tear is quite reasonable, what is not. The easy answer would be "What can you afford." But that is not a good answer. It the report comes back with a problem of say Water Damage and $2000 to repair, should I eat the cost What about $5000 for the Damage or $10 K.
ANY ANY ANY ANY advice whatso ever you can give me re buying my first home would be greatly appreciated.
If I sound Ignorent, its cuz I is. Please help me.
All apollogies if this is not the right Forum to post this questions, but I lurked for a while and the people of this group seemed to be in the know.