Under contract for a SF and the inspection found termites in the basement on areas around the doorways. The inspector estimated around $3,000-$5,000 for the work needed. Some of the frames need to be replaced. We agreed on "as is" condition. Now that we found what issues we would have to fix according to the home inspection, is there anything we can do to negotiate with the seller or are we on our own if we decide to take the house? Any insight would be great!
It does not hurt to try to negotiate ( unless the seller just walks away and says no) but you are buying it "as is" like you said, so if you don't like the condition of the house you don't buy it, i doubt the seller will budge on the price, that's the reason he has it listed "as is", they do not want to do any work, pay for or allow any money for any work.
No real answer to the question. It depends on you, your resolve, and the amount of cushion in the sale. If the seller has a lot of freeboard, s/he may go for it. If you've cut it to the bone, you are probably on your own.
Depending on how far into the process you are, most sellers don't want to start over, as going under contract is almost the same as "sold and the check is in my bank" in the minds of most sellers. If you're early - likely, since you're at inspection - then it will likely hinge on my above paragraph. If you are very deep into it and closing is imminent, reasonable sellers will often go half or similar to prevent sinking the deal.
You can ask for credit or repair. I suggest you go an ask for credit. Maybe you meet in the middle?