Common repairs required after a home inspection. There are some repairs that will be required by lenders before they will release funds to finance a buyer’s home purchase. Typically these address structural defects, building code violations, or safety issues. If a home inspection reveals such problems, odds are you’re responsible for fixing them.
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Bad inspection results are scary because you have no real way to know how the buyer will react. If they’re really bad, the buyer will probably back out. At the very least, you might have to deal with a request for repairs or some other renegotiation. Either way, the shock and surprise of it is sufficient to create a lot of uncertainty.
About the Author: The above Real Estate information on the home inspection repair requests a buyer shouldn’t make was provided by Bill Gassett, a Nationally recognized leader in his field.Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 29+ Years.
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Both sellers and buyers should have a thorough understanding of home inspection contingencies before agreeing to, and signing the contracts. This is where your real estate professional is an asset-he or she deals with this type of contract contingency regularly and can offer qualified advice on how to proceed.
Home inspectors not only identify problems with houses, they can give buyers information that will help them with the upkeep.. 5 home inspection mistakes buyers and sellers make. Both buyers.
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A seller is unlikely to be held liable for repairs after the close of escrow if the seller disclosed all known defects to the buyer. Buyers also have a duty to perform diligent inspections and.
A re-inspection costs a fraction of the original inspection.) If you didn’t put down an Option Fee, and you didn’t write into the contract that the seller has to fix anything: Now you have to buy the house no matter what. You could ask the seller to fix the problems, or to drop the price of the house, but they’re under absolutely no obligation.