If it was an AS-IS contact then you are purchasing it with all its problems. However, the seller may be willing to negotiate the price down to cover part of the repairs.
IF it was not an AS-IS, read your contract to see the extent of the repairs allowed.
Talk to your Realtor. That is who should really be helping you to navigate through the process.
Ed Humbert, GRI,MBA
Advanta Realty, LLC
Are you working with an agent? This really falls within their domain of questions. The answer to your question depends on additional information that depends on the type of sale the property represents. If the sale is an "AS IS" sale the buyer will be purchasing the property with its flaws.
Additional information would be necessary to be able to provide you with an accurate answer.
Before commiting to this opportunity it would be recommended that you consult a roofing contractor to get clarity on the extent and cost for the needed work.
There are many options available depending on your situation and the status of the home.
You really need to consult your real estate professional regarding your options.
This could be an opportunity to hit a grand slam.
Best of success to you.
If the offer is As-Is the seller has no intentions on making any repairs, so you fix.
If you are buying a short-sale, neither seller or bank will have any money for repairs, you fix.
Foreclosure, you may be able to negotiate small repairs, specially if it is a goverment owned, otherwise negotiate price down.
Buying from a seller on a traditional resale contract, they already stipulate how much repair $$ they are willing to contribute for the sale.
If you did an inspection you also have the right to back out of the contract based on the inspection contingency clause that should be part of every contract.
La Rosa Realty
1. ask the realtors to do a Realtor Rebate to pay for it
2. ask for an increase in rates to get a lender credit so you'll need less money to close to have the money after closing to repair
3. ask the seller to fix
4. you fix
You are under Contract,
You are working without a Realtor to protect and advise you,
You did not include a Contingency for Inspections,
You assumed that just doing Inspections would cover you,
My opinion; you just bought a house with a bad roof.
Good luck and may God bless