Am I getting screwed?
My wife and I bought a 1949 home in Colorado on an FHA loan. We paid a license company for an inspection. And we were essentially able to close on our home, no issues or fixes needed per our loan. We purchased the home on December 21, 2021. The buyers inspection objection hit, and I will attach their concerns.
Currently, we are trying to sell the home because we have to take care of my great grandmother who lives in a different state.
I am concerned I am getting screwed or already have been screwed with this home. The buyer has a VA loan and as terms of their loan the seller is to provide $10,000 in concessions. On top of these concessions, they sent a long list of inspection objections that we did not receive when we did our inspection and bought the home. (Please see picture).
Our Realtor hasn’t been much guidance and essentially wants us to complete the list in picture #2.
Roof repair - $3400
Minor electric electrical work - $986.32
Repair or replace galvanized pipes - awaiting quote
Repair or replace part sewer line - awaiting quote (ouch!)
Radon mitigation system - $1200
As you can see the biggest ticket items haven’t been priced yet and I’m already well over 5000. With the 10k concessions, should I back out of this deal, and take the time to do these repairs? We can’t raise the price with these buyers, they are at their loan max. Any advice would be greatly appreciated.
Oh, and someone committed arson on my fence last night. I would upload a picture but the sub won’t allow it.