(10-05-2020, 03:31 PM)Tyler.M Wrote: Does the inspection contingency give you any recourse here? It should. You should have all the power in negotiations at this point with that leverage.
It only opens the door for additional negotiations, or to walk away from the deal. Most of the things are relatively minor, and can be knocked out in a weekend - paint some trim, unclog the gutters, fix a light fixture, etc. The buyer holds all the cards at this point.
I let a contract expire because the inspection revealed a lot of water damage and the sellers didnt want to get into resolving it - it was a 35 year old house that had wood siding & trim and never had any maintenance done unless something broke and went tits up. We had planned to renovate the kitchens, baths and floors as soon as we moved in, but I feared we'd eat our budget on replacing rotten window sills and siding instead - we were looking at $10-15k in repairs including a new roof and that was based on what we could see, and with water damage, there's always more. Sellers offered $5k credit and we walked, wasnt worth it.
The house is such a long term and huge purchase, dont let little things get in the way, but also dont take on huge problems at full market price, either, unless the market is bizarro.