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Handle Needed Repairs Early

By
Real Estate Agent with Keller Williams

There is a standard chain of events that occurs when an offer comes in on a home. After a meeting of the minds, the buyer often brings in a home inspector who may find a few items that need to be repaired. The real estate agent gives the homeowner a list of the requested repairs. What comes next?

In most transactions, the seller will take care of the repairs. Many sellers wait until the week before the closing to call someone to do the work, because they want to be sure that they are going to make it to the closing table before they spend money on repair work. If you are responsible for making repairs to a home you are selling, make sure you have the work done well in advance of the closing date by licensed professionals who will stand behind their work. If the work is done at the last minute and is incomplete or unsatisfactory, it could cause complications at the closing. You should provide the buyers with all the receipts and the names of the persons to contact in case there is a problem with the repairs.

For other useful information you can visit WWW.LiveInClarkCounty.com

The "J" Team

 

Ray Saenz
Exit Realty Laredo - Laredo, TX
Homes for Sale in Laredo, TX - Texas, Realtor

Jason,

Great information :)

 

Apr 26, 2007 03:26 PM
Roger Stensland
Keller Williams Realty Puget Sound - Maple Valley, WA
Let's Move!
I strongly encourage everything be put on a fast track for completion, especially any repairs to the home.  I hate last minute surprises and finding them early provides adequate time to accomplish any repairs in time so the transaction can close on time.
Apr 26, 2007 04:50 PM
Kelly Muscarella
Keller Williams Realty - Battle Ground, WA
Turning your dreams into Realty!!

I don't believe the sellers should delay.  In most cases the things the buyer is asking for, the next buyer will ask for also if something goes wrong and you have to put it back on the market. 

Oct 08, 2009 04:43 PM