Repair concessions after inspection

[Greg Todrank]

I am working on closing a duplex (my first). The seller has made $5000 in repair concessions after the inspection.

I would still like to finance the full amount ($98K), so I have ready funding.  Should I figure out the best option and then go back to the seller with a plan -- I assume he needs to be involved since the asking price is either $98K or $93K?  Or seller just pays closing costs (assuming atleast $5K)?  Or is this just a discussion between me and the lender to figure it out?

Right now seller has agreed to lower the sale price to $93K.  I would rather have the $5K immediately in my reserves and have my mortgage just increase $20/month.

My agent also brought up that the lender may throw up some red flags if we dink around too much after the inspection.

The seller sets the price.  The buyer sets the terms.  That sounds good, but I have no idea what it means in a practical sense.

I'd appreciate your thoughts and any creative ideas you may have done in the past.  I need to respond by COB Friday.