Do The Sellers Have To Fix Everything?

Do The Sellers Have To Fix Everything in a Home Inspection?

For the first time buyer, buyer that hasn't purchased in years or really anyone, it could appear that the answer "should" be yes.  However, for this question, I would recommend having a serious discussion with your REALTOR.  

Assuming the seller is required to tackle everything in the inspection report could put you back on the market shopping for a home.  Not to mention time and money wasted.

 

What does the report mean?

Let's dissect the home inspection.  The home inspector gets paid at the time of inspection.  Regardless if you move forward on the home purchase or not.  That being said the home inspector is required to inform you of everything about the home.  Good, bad or indifferent.  While each state is different, the contracts in Maryland state things should be in working order, unless being sold as is.

 

What do I ask the seller to do?

The items that commonly up for grabs are things that are not working properly or not working at all at time of inspection.  By law, your REALTOR can't advise you what to request.  Upon receipt of the report, review quickly and prepare your desired requests.  Watch your time windows to ensure you are still within the contingency period.  

 

Best advice

Be reasonable with repair requests.  

This should be a win win for all.

It's a resale, not a new house.

Stuff will come back, but EVERYTHING is not an issue.  Chat with inspector and contractor with any concerns.  Really dig deep.  Is it really an issue or just not.

Home Warranty!

Get a home warranty! Review policy to ensure desire coverage.  Have monies set aside to ensure you are covered for things the warranty may not cover.

Go in with the right expectations.  

 

WHAT NEXT?

Get preapproved by a lender

Meet with a REALTOR

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Comments (2)

Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

Helene,

Great advice.  Many buyers need to understand what AS IS means when going into a purchase.  

Jul 07, 2014 11:23 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I tell my buyers we can "ask for the world", but you can't expect anything.

Jul 07, 2014 11:48 AM