<prompt> Human: Hey Everyone,My wife and I are in the process of buying a house. In the initial walk through with the realtor the house looked well maintained and all work was professionally done. In short, we loved the house and it was everything we have been looking for in our price range. No other houses compared below 145k. The comps in the neighborhood are around 15K higher than our accepted offer price.I felt even better after reading the sellers disclosure which said the roof was 7 years old, no water damage, and no other faults of any kind. I thought i was sending an offer for a goldmine, but it ended up looking like a money sink.The inspection was done last night took 4 hours. Here is the list of major issues: plenty of unlisted minor issuesThe roof was never replaced; it has 2 layers of shingles and patches all over the place. There is more tar on the roof than a tar pit. Inspector said it is way past its life and needs replaced ASAP. Hes also afraid that it will not pass appraisal. Also, the added on attached garage has a rolled roof that is rotting under the gutter cover because the cover was never installed properly. There is cracked mortar on the front corner of the brick which isnt too big of a deal, but a repair was made to the foundation at an earlier time above that crack and the crack was evident behind a picture in the living room.There is a 40-50ft tree almost touching the house that is infested with carpenter ants that would need to be removed.Mold is growing behind the furnace. Mold would need to be removed.The electrical panel is Federal Pacific which, after reading the reports of the breakers for this company, Im surprised the house hasnt burned down yet. It would need to be replaced. More information here: There are other smaller, minor issues, but the ones i listed above would be my main priority. I have owned a home already for 8 years and know how to fix many of the other problems. The issues listed above are deal breaking, but i feel that if the seller negotiated it would be doable. What Im thinking of negotiating with is:Getting contractor estimates on 90 of the reported issues.Seller to provide cash credit towards 4 of the major repairs.Purchase price lowered to compensate for all other repairs.Am i asking too much here? The house was listed for quite a while and i have been the only offer. The seller also vacated the property so Im assuming they want the property sold ASAP. Is there any other advice you can give me?Edit:All, i know this is somewhat of a real estate post. But the reason Im coming to personal finance is i want to know if it is feasible this could be worth it if the repairs are all paid for, and i get an extremely low purchase price. I have no intention of walking into the home if negotiation isnt heavily in my favor. But would it be worth it from a personal finance side if i got this extremely cheap with cash for the major repairs?Edit2: THANK YOU to everyone who have posted. Most of you have given me great advice and its really great that this subreddit has such knowledgeable people in it. I think overall the property may not be worth it considering how much dishonesty was done during the disclosure. It does scare me not knowing what else will be found during the renovation. I doubt the loan would get accepted if they saw all the cash credits i would need and i wouldnt trust the seller to make the repairs since they have lied so much already. Were going to be thinking about it more, but right now im more heavily weighted against the house than i was before posting this. Thanks again everyone. Big help!Edit3:This thread was awesome. So much info here and Im glad I posted here. I showed my wife this thread and we both came to the agreement it will not be worth it and we dont have the out of pocket cash needed for renovation. We withdrew the offer and are asking for inspection costs back doesnt hurt to ask given the state of the disclosure, might even take the seller to court. Even if I lose, which is likely, maybe it will stop them for lying to someone else.Back to looking for a home!Assistant: Trusting my home inspector was the biggest mistake I made when I bought my first house. Three month after closing the entire enclosed front porch sunk 4 inches. Once any amount of weight was in that room the entire thing gave way. the only thing holding it up was that it was attached to the other walls of the house. it pulled the whole house out of balance and cracked the plaster from the front to the back.Turns out the foundation was nothing more than one cinder block on the ground with untreated wood touching the dirt. When I crawled into the front crawl space one of the wooden supports came off in my hands.I took all the siding off the front of the house and this is what I found: Tens of thousands of dollars later I have a proper foundation. This all passed a home inspection. Imagine what you are going to find when you rip that roof off...Human: I took finding a reputable home inspector very seriously. I called 5 different inspectors, got quotes for all of them, looked up consumer reports, google reviews, and called around about all of them. I ended up going with an ASHI Certified inspector which takes a long time to achieve. Its not required to be ASHI certified for a home inspection, and its usually more expensive, but its worth every penny.  <response>: It doesnt mean they willcan find everything. 