The seller does not have to fix anything! The inspection is so you can learn about the condition of the house. Of course you have he right to back out of the deal for ANY REASON you find unsatisfactory.
In most real estate transactions there is give and take. In my experience, as a 30 year Home Inspection business owner, most sellers will make some concessions to keep the deal moving forward.
As a buyer, you had X amount of days for your inspection contingency period. If you are outside of the period you have excepted the house as is. if you back out now you could loose your earnest money deposit.
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