Looking at a home selling for 260k. Overall nice. Updated plumbing, electrical, hvac. Overall condition pretty good, but it's old.
Have already negotiated for 6k in seller credit. This is more than closing costs. Seller counter by having me pay most of title charges. Roughly 5k. Still 1k up.
After inspection finding roof is 20-25 years old. Septic is 55 years old. Estimated from 1970.
Roof is functional but replacement expected very soon.
Septic also functional but past expected life of 40 years at high end.
Question is. Credits can't go past closing costs. So I can't ask for any credits to repairs. Items are functional but should be replaced.
Is the only recourse seller does before closing, or lowers cost of home?
Bases on realtor interaction seems they are but stubborn. Or is this something walk away from?
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source https://www.reddit.com/r/RealEstate/comments/1mo05qh/major_repairs_likely_needed_soon/
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