Furnace quit working during home inspection
We made an offer on a home and are under contract. Our inspector is a civil engineer, member of ASHI and has done at least 10,000 inspections.
While he was checking the furnace, it stopped working.
The inspector said the furnace is over 20 yrs old and most likely would have failed within the first year. He said we were lucky it happened before the sale went through.
The owner is (understandably) angry. He said the cost to repair the furnace is only $500.00 less than the cost to replace it. He said he would like us to give him $500.00 towards either option. We said no because it was working when we made our offer.
We will not buy a house without a working furnace/air and do not feel that replacing or repairing it should be our responsibility. We also do not trust that repairing it will solve future problems that may come up with a unit this old.
I would like to know what would others do in this situation.