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What Will the Seller Fix on the Home Inspection Report?

By Debbie Reynolds, C21 Platinum Properties

Managing Real Estate Broker with Platinum Properties- (931)771-9070 TN Broker: 208698

April 17, 2018 05:00 AM

Repairs May Be Yours to Make on the Home Inspection Report, Mr. Buyer

Buyers in this changing market need to know that the playing field has changed. Sellers are not nearly as quick to agree to do repairs so if the buyer really wants the house, you must be prepared to pay for repairs yourself. If the issue is major the seller may give a repair allowance or dollar adjustment but then again, he may not. You need to understand what the purpose of the home inspection is when you buy a home in Clarksville TN.

The real estate contract

we use in Tennessee has an inspection clause and a buyer can ask for an inspection contingency. What we see is a 10-14 day inspection period to allow the buyer a chance for an home inspector and termite company to check out the home and systems. In Tennessee. home inspectors and pest control companies must be licensed to do this type of work.

When these inspections are completed

there are decisions to be made. These decisions are the buyer's to make. The buyer can terminate the contract based on the home inspection report, ask for some repairs or take the home "As-Is". If the buyer is getting financing, keep in mind that the appraiser may require some repairs be done to secure the loan.

If you get a home inspection

you need to know your options. I tell my buyers before the inspection is done what could occur. If the buyer asks if the seller will fix anything or everything, I say in this market, not likely. A very motivated seller that needs to move fast may agree to fix a few things. But know they are not required to make any repairs because it is a negotiable part of the contract. You always have the right to terminate if the clause has been filled out.

Know Your Options

I always advise a buyer to get a home inspection even on new homes. Even if you don't intend to ask for any repairs it is good to know what you are dealing with in terms of repairs. Repair requests in a home inspection are negotiable so if an agreement can't be reached neither party is bound to the contract.

When buying or selling your Clarksville home contact The Real Debbie Reynolds. Begin searching for a Clarksville home here. 931-320-6730.

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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Inspectors must be licensed here in NC, as well, Debbie. I'm still always amazed in how many states anyone can call himself an inspector. The primary message I give my buyers is that the purpose of an inspection is not to deliver them a home in "as new" condition.

Apr 17, 2018 05:03 AM

Roy Kelley

Gaithersburg, MD

Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

Good morning Debbie. Home inspections are essential for buyers to know what they are getting. I have used contracts with repair limits as well as "as is"! Enjoy your day!

Apr 17, 2018 05:07 AM

Michael Mahoney

Real Broker, LLC - Boston, MA

Boston Realtor

Debbie Reynolds many homes in our Greater Boston market are essentially having home inspections for informational purposes only. This means they want to know what they are getting into as buyers, but not expecting the sellers to do any repairs at all.

Wayne Martin many people are buying homes "as is" here in Boston. How about Chicago? Are you finding the same thing there?

Apr 17, 2018 05:28 AM

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Good morning Debbie. Savvy buyers should understand what should be fixed and what they would be better off fixing for themselves. And sellers should do the same.

Apr 17, 2018 05:31 AM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Debbie, we have a similar contingency period, and with our strong Seller's market, the sellers are pushing back on doing too many repairs.

Apr 17, 2018 06:13 AM

Myrl Jeffcoat

Sacramento, CA

Greater Sacramento Realtor - Retired

Home inspections are an important component to most real estate transactions. What is repaired, and by whom depends on what is agreed to in the contract.

Apr 17, 2018 06:39 AM

Brian England

Ambrose Realty Management LLC - Gilbert, AZ

MBA, GRI, REALTOR® Real Estate in East Valley AZ

Most sellers are not willing to fix cosmetic issues, but I tell my buyers to ask for whatever is important to them, the worst that can happen is they say no.

Apr 17, 2018 06:47 AM

Roy Kelley

Retired - Gaithersburg, MD

This is excellent advice to share with prospective home buyers.

Apr 17, 2018 09:50 AM

Sheri Sperry - MCNE®

Coldwell Banker Realty - Sedona, AZ

(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Debbie Reynolds - One of our biggest responsibilities as a buyer agent is the inspection process.

Apr 17, 2018 10:41 AM

Anna "Banana" Kruchten

HomeSmart Real Estate - Phoenix, AZ

602-380-4886

Debbie the inspection period is always the most stressful time for sellers and buyers. If seller have done a pre-inspection and already made necessary repairs, not so much. And in a hot sellers market, like you mentioned, the buyers may not have much leeway for asking for repairs. Knowing the market conditions is so critical.

Apr 17, 2018 01:24 PM

What Will the Seller Fix on the Home Inspection Report?

The real estate contract

When these inspections are completed

If you get a home inspection

Know Your Options

Comments(10)

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