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HOME BUYING ADVICE: Should the Seller or Buyer do the home repairs?
ANSWER: The BUYER Should Do Repairs Whenever Possible, Not The Seller
ARTICLE PROVIDED BY LEIGH CLACK, ATTORNEY
Neel & Robinson Attorneys at Law, LLC22 Lenox Pointe, Atlanta, GA 30324404-705-3690 fax firstname.lastname@example.org
Most home inspections will reveal some items in the house that need to be repaired or replaced. What should the buyer do?Most buyers want the house to be "perfect" when they move in, but is it a good idea to have the seller fix everything? If the seller does the repairs:1. Buyer has no control over the quality of work or products2. Closing may be delayed3. Seller will usually choose cheapest or fastest solution4. Buyer may not have access to repair people for follow-up If the buyer does the repairs (may be able to reduce the sales price):1. Complete control over the quality of work and products2. Work is done after closing, so no delays3. Buyer can be flexible on timing and cost4. Buyer has relationship with contractors and suppliers for warranty work and follow-up Sometimes a repair is required by the lender prior to closing, based on the appraisal. In this case, the seller must have the work done. The buyer should always allow time for a follow-up review by the buyer's own inspector, and ... more
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