Home Buying Situation

As with anything, the right people have to get involved, what caused this problem, will it return after the redo, repairs are completed? Too many questions.
Without know the full answers to this, you might want to consider moving on without the house.
I was asked to view a house, I told them too many little things, but the wife wanted this house. I made a list of items, cost of repairs, sent in. The seller agreed to knock off the amount on the selling price. I did most of the work, cost him way less for repairs. It was a win on his part.

I use to build and flip houses with a real estate friend, the one time she decided to buy a house without me looking at it first, the mistake was made, it was the lowest profit on a home we had ever done.

So, it’s one of those, you better do your homework. I have a bunch of stories good and bad on home buying. Use caution.

Unless you are extremely confident in taking on a future fixer upper home and getting it worked on, I wouldn't touch it. You can ask for a significantly lower price so that you can manage the repairs yourself, but you have no idea what the future may hold and what other problems might come up.

My first house was 3 ft pier and beam. Had these issues. Had to get loads of dirt and build a "wall" around and under the house to keep water out. Also, i laid new floors and put roofing felt under the floors as a moisture barrier. Lived there for 7 years after and never had a single issue.

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Repair/replacing the flooring does not fix the source of the problem. I'd get out while you can. Homeowner probably already knew about this and did not disclose, hoping it would pass inspection

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In fairness he did say repair "all of this", which I would assume means the flooring AND source of the problem.

Run.