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Your bargaining power is limited as the sale is "as is", meaning that the inspection is for buyers knowledge only.Several questions need to be addressed here.Is the house worth the trouble?Do you have the money, time and patience to fix?Can you finance with the 203k loan?Will you continue with the purchase if BofA refuses to give seller paid concessions?To answer your new questions, yes the bank will get irritated as they have a bottom line to protect. Yes, the bank can cancel your offer and wait for another offer.
Is the home sold "as is?" If yes, the fix is on you. If not, you can ask for the repairs to be done prior to closing, or you can request to change the structure of your offer by having the seller give you money back at closing.The bank can answer yes, no or negotiate somwhere in between.Best of luck to you.
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For Sale: $99,900
For Sale: $155,000
For Sale: $269,900