Fixing foundation issues

[Anand Acharya]

I am in process of closing on a property where the appraiser asked to order a foundation inspection. The inspector has found issues and suggested repairs.

The seller is asking to put down the repair cost as toward additional earnest money to prove I am still interested.

I have offered to put down additional 1%, but not the entire cost of repairs. I am not sure the lender will close without repairs, in which case I am thinking of lowering my offer and get it fixed after closing.

I would appreciate inputs about different ways to handle the situation or walk away from the deal.

Thanks,

Anand.

[Nathan Gesner]

Quote from @Anand Acharya:

I would negotiate for the seller to repair the foundation. If they are willing, then I would put more money down to demonstrate I'm interested. If they want you to repair it, I would walk.