I have been told a few times by first time home buyers that they thought the seller has to repair defects. So let’s say I am doing your home inspection and when I open the furnace cover I see water and rust. This condition could be caused by several things but regardless, water and rust do not belong in a furnace housing. The seller has to fix this so you are buying a safe home right? Not!
Most sellers want to sell but aren’t under any obligation to repair problems in the home. Maybe they can’t afford to fix defects, maybe they simply don’t want to but there is no law making repairs mandatory. You can discuss this furnace problem with your real estate agent and they may tender an offer minus the cost of a new furnace, or maybe it may just be a simple repair like a missing rain cap on the flue. Hopefully, your home inspection uncovers nothing more than a paint color you hate and $100.00 later after buying painting supplies your admiring how much nicer the home is looking.
Buyer beware is how things work in real estate so get yourself a qualified home inspector who can explain what’s a big deal and what isn’t.