How Long Does A Seller Have To Respond To Repair Request?

How long does seller have to respond to request?

There is no set time frame for them to respond but 2-3 business days is standard.

If both the buyers and sellers have not reached an agreement on the repair requests within ten business days of the seller signing the contract- then either party may cancel the contract and the buyer will get their earnest money back.

Do sellers have to make repairs?

If the Seller Refuses

Even if your requests are reasonable, the sellers may still reject your addendum. In most cases, the sellers have no obligation to fix anything. It’s possible that the seller won’t make repairs after the inspection and refuse to offer credit.

What happens if Seller fails to repairs?

In short, if an Amendment to the contract regarding repairs has been executed then it is part of the contract. If the Seller does not follow through with repairs on an Amendment to the contract in the timeline specified in the Amendment, then the Seller would be in Default.

What fixes are mandatory after a home inspection?

Common seller repairs after home inspection

  • Major electrical issues that are safety or code issues.
  • Plumbing, drainage, sewer, septic, or water issues (or well water issues, if applicable)
  • Mold or water damage.
  • HVAC problems that affect home comfort.
  • Leaking roofs or missing shingles.
  • Termite and pest damage.

Can a seller decline a full price offer?

No. A seller is not bound to accept any offer, even at full price. However, your seller could be in breach of your listing agreement by refusing to accept the full-price offer.

Why would a seller not respond to an offer?

When a seller receives an offer, they can accept the offer as written, reject the offer, submit a counteroffer or do nothing. There are a variety of reasons that a seller may choose not to respond to your offer. The most common one is that your offer is simply too far away from what a seller may consider reasonable.

Can sellers refuse to make repairs?

They’re often referred to as “due diligence” inspections. As the seller, you can legally refuse to make the repairs. The buyer can then choose to close escrow or withdraw from the sale. In the alternative, the seller can agree to fix some things and not others and the buyer can either accept or reject this compromise.

Do sellers have to fix everything on home inspections?

A buyer and seller’s real estate agents will be able to fill them in on the laws in their particular state, but in general a seller is responsible for paying to fix severe water damage or mold issues, to replace missing or broken smoke detectors, and to remedy building code violations, among other things.

How long do sellers have to make repairs?

Sellers typically get a week or two to hire contractors or do the work on his/her own, depending on how the buyer and his/her broker wrote the request for repairs. They agree to complete the negotiated repairs no less than three days from the closing date.