Even though I got downvoted, I really appreciated all the advice on my last post, so following up on this:
The seller finally responded to the repair request and agreed to everything, except:
1) Seller will not provide a 2 year roof certificate.
2) Seller will not level out walkway.
3) Seller will not make any water heater repairs including: a) installation of expansion tank b) drip pan; or c) service disconnect switch by water heater
4) Seller will not repair 3-way light switch in dining room
5) Wood stove and piping are to be removed at COE and capped at ceiling as per the MLS; no chimney/wood stove repairs will be made.
Now per the USDA (502 Direct Loan) these all need to be fixed BEFORE closing, otherwise I would just say great and move on. (Except I think the wood stove might be resolved since it will be removed).
Our realtor said the seller got an all cash backup offer and are having 2nd thoughts and maybe trying to get us to back out.
She suggested we get quotes on everything and she is going to clarify with USDA if we can do repairs ourselves or if it requires a licensed contractor/electrician/plumber/etc. and if we do go that route, how to protect ourselves if we spend money on a home that isn’t ours yet and the deal falls through – put an addendum that we be reimbursed by seller.
Or she suggested raising offer price if they do repairs? But idk about that. We are near the top of our price range already.
I’m worried seller might make it difficult if they want to back out.
What are the obligations on both sides here?
What would you do as the buyer (keeping in mind the restrictions of my loan)?