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Most home inspectors will specify items that should be fixed before settlement and those that you should prepare to do maintenance on in the future. The inspector may also suggest an item be inspected by and expert; for example, if something doesn't look right with the electric, he/she may suggest it be inspected by an electrician. PA sales agreements have a certain period of time for the inspection contingency. After the inspection, you can ask the seller to make repairs, accept the house "as is" or walk away. If you ask for repairs and the seller refuses, you can still accept the house "as is" or walk away from it. In these 2 instances, the buyer usually receives the escrow money back. I say "usually" because if you cancel the contract, the seller has to sign the return of escrow as well as the buyer. If the seller refuses, you may be able to take it to mediation or you can take it to court - depends on how the contract was written. If you do nothing about the escrow, the holder of the escrow money can hold it for a year and then, unless the court dictates otherwise, will return it to the buyer. Because we have no idea what your contract states, you really should discuss this with your agent or the agent's broker. It sounds like you suspect there is going to need a lot or repairs?I wish you good luck.
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For Sale: $370,000
For Sale: $109,900
For Sale: N/A