Sellers have a legal obligation to either repair or disclose serious issues with the home.
If the repair request is a big one—and it’s not a surprise to them—they’re almost always going to be required to spring for the cost or lose the sale.
How long does a seller have to make repairs?
When he/she submits a request for repairs, the buyer sometimes asks for particular contractors to do specific work. The seller has three days from the time of receipt to respond. In that period, the buyer cannot change his/her request.
What are home sellers required to fix?
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.
What if seller does not make repairs?
It states: if an inspector has to return for a re-inspect because the seller did not repair or replace the damage as per the agreement, the seller will be responsible for the re-inspection fee. Having this addendum in the original contract incentivizes the seller to get the repairs right the first time.
When should you walk away from a real estate deal?
6 Reasons to Walk Away From a Home Sale
- The house appraises for less than what you’ve offered.
- The home inspection reveals major problems.
- The title search reveals unexpected claims.
- The house will cost a fortune to insure.
- The deed restrictions are way too onerous.
- Work has been done without a permit.
How long are you responsible for a house after you sell it?
As a last resort, a homeowner may file a lawsuit against the seller within a limited amount of time, known as a statute of limitations. Statutes of limitations are typically two to 10 years after closing.