Damage found after buyer waived inspection, but before closing. Next steps?
Selling dad’s house in PA. Buyer made offer on home as is, no contingencies, waiving an inspection. Their mortgage lender completed an appraisal and found moisture in the basement. Engineer followed up with an assessment and found elevated moisture and cracks in foundation, though stated there is no evidence of widespread structural settlement or foundation failure. Despite this, recommending repairs which are expected to cost $30K+.
Agent is saying we must complete the repairs despite the buyer making their offer as is, claiming they can still sue us even though the engineer’s report will be disclosed and we never attempted to hide anything. We’d prefer to just lower the sale price to get this done but they’re steering us away from that.
Would love a second opinion as this just doesn’t sound right. If the buyer made an offer to purchase the home as is, waived an inspection, damage found after the offer is disclosed, and we’re willing to come down the price in light of this finding…why should we have to complete the repairs?