Pre-contract inspection revealed several issues- what would you do?

We had a pre-contract inspection done. The inspector identified and line-itemed $87k of issues that need to be fixed, stating some as critical and others as potential. (Heimer Inspectors). The biggest ticket items seem to be:
- old plumbing system- needs update
- old sewer system- needs update
- needs new roof
- stair risers all uneven so we need new stairs
- evidence of leaks in basement which need to be addressed

How does a buyer typically address this with the seller? This is an old home, like almost all homes in Brooklyn- so are these problems customary?

Also, it seems that all old homes would have old sewer and water pipes- does the owner just take the risk that they are not living there when they finally break? Or do most owners try to replace them? And when buyers buy homes that have not been updated as such, do most negotiate this into the price?

Any advice would be appreciated. I’m particularly curious as to what other people do, as some of these items seem to be ones that would surface on any pre-contract inspection of an older home.

By U510545 |