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Questions about 100+ yr old house

Questions were facing:

  1. Property sold AS IS. Currently put in offer of XXX. Inspection was yesterday and more things have either shown up as not working when they said they were and the electrical was tied in to both knob and tube and a new panel so both boxes are having issues.

Can we ask them to take a lower offer now on the pretense we may walk away totally?

  1. Purchasing for family member. (Son).

No financing. Insurance wanted to label him as a renter if it was titled under us (mom and dad).

If we add him to the title does that lower insurance rates? Our current insurance didn’t show that it would but I haven’t shopped for insurance in 25yrs. Anyone have insight on something like that?

  1. Multiple little things showed up- window ac not working, 2 broken windows, propane stove top one burner not working, fill valve needed in bathroom sink, HVAC in basement making noise possible bearings or bad motor but not all the time.

Are those things considered as-is and do we have any wiggle room? We are in a 14day hold with a small deposit down and can get it back and walk away.

We’ve only bought one other home and it was 5yrs old at that time. Things have greatly changed since then.

submitted by /u/Seenmeb4today
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source https://www.reddit.com/r/RealEstate/comments/1s0xhj7/questions_about_100_yr_old_house/
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