Specifically, they found a small gas leak that needs to be fixed ASAP. Our realtor is working to have the seller fix it, cause it'd really suck for them if the house blew-up before we close. Also, we have to update the fuse box to a breaker box that can handle higher amps. Right now it's totally over loaded. Also, a few outlets in the basement are installed backwards and the outlet for the dryer doesn't work.
The good news was our furnace is only 7 years old and the water heater is 5. So, we shouldn't have to replace them. The house is really sturdy and level, so it shouldn't fall over anytime soon.
After we rip up the carpet in the bedrooms and the dining room the floors will need to be refinished. And it just makes sense to do it before we move in, so that is our second priority. And that takes $$$.
Our roof is good, but there is a spot around the chimney that needs replacing. We should finish that before fall. And there is a window that needs replacing in the basement bedroom. And another that needs a new screen.
I'm not sure what we'll do about the basement carpet right now. I'd almost prefer to rip it up and paint the floor instead. Especially, because the entry from the garage leads into the basement.
Then, of course is painting all the walls, replacing hardware in the kitchen, maybe painting the cabinets, re-doing the counters, getting a new fridge (and eventually a dishwasher) and completely re-doing the bathroom. The tub surround that is in there now doesn't even fit the faucet handles correctly, which could lead to water dripping down the wall. We'll have to wait to do that until after we've moved in. But it does worry me to be remodeling the only bathroom. We have talked about putting another in the basement, but that is a scary proposition too.