Hello Reddit! After 8 years of renting and apartment living, my husband and I are under contract for our first home. Unfortunately, the initial inspection results haven't been great.
We're looking at about $15K in estimated repairs, likely due to a rushed investor flip. Major issues include plumbing, roofing, and electrical work. Although the house looks great on the surface, I'm concerned there could be more urgent hidden issues that will come back to bite us in the near future.
My question is, as a nervous person with no experience with this process: Even if the seller agrees to handle all repairs before closing, how do we know when it's time to count our blessings and walk away?
Appreciate any advice. Thank you!
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source https://www.reddit.com/r/RealEstate/comments/1gawm07/first_time_homebuyers_inspection_when_to_know_to/
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