What Should Seller Repair After A Home Inspection?

Does seller pay for repairs after inspection?

State laws, including seller disclosure laws, are the only instance where a seller is obligated to pay for repairs after a home inspection.

For everything else, it’s up to the negotiations between the buyer and seller, and who pays for what depends on what is decided after the inspection report comes in.

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.

How do you negotiate repairs after a home inspection?

Your Options After a Home Inspection

  1. Ask the seller to make the repairs themselves.
  2. Ask for credits toward your closing costs.
  3. Ask the seller to reduce the sales price to make up for the repairs.
  4. Back out of the transaction (if you have an inspection contingency in place)
  5. Move forward with the deal.

What should a seller expect from a home inspection?

What to check

  • Check electrical outlets for hazards.
  • Inspect heating and air conditioning.
  • Test appliances (stove, dishwasher, washer, dryer)
  • Make sure the seller has removed all unwanted items.
  • Ensure the seller left behind any items outlined in the sales agreement.

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.

How do sellers negotiate repairs?

Here are three buyer tips for negotiating repairs after a home inspection.

  1. Ask for a credit for the work to be done. The sellers are on their way out.
  2. Think ‘big picture’
  3. Keep your plans to yourself.
  4. Eyes wide open.

What happens if seller does not make 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.

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 does not make repairs before closing?

If the seller didn’t do repairs, yes you can refuse to close. You also need to look at what you lose if you don’t close. If you actually don’t close, you lose all your inspection money, appraisal money, and any money you put into the transaction.

What can fail a home inspection?

Dave Swartz

  • Faulty wiring.
  • Roof problems.
  • Heating/cooling system defects.
  • Plumbing issues.
  • Inadequate insulation and ventilation in attic.
  • Whole house is poorly maintained.
  • Poor drainage around the structure.
  • Air and water penetrating cracks and window perimeters at exterior.

Do sellers get a copy of home inspection?

Does the seller get a copy of the inspection report? No. Not usually. As the buyer, you’re the one paying for the inspection.

How long do sellers have to respond to repair requests?

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.

Should you share home inspection with seller?

The home inspection should not be explicitly used for renegotiating the offer to purchase with the seller either. In other words, if you have noticed defects before making your offer that is clearly visible, don’t expect the seller to fix them.

Can seller walk away after inspection?

Can the seller back out of the contract after the home inspection? The home inspection is a key time for sellers to back out of a sale, usually because buyers will ask for sellers to make repairs to the property or issue a “repair credit” to cover those costs, which can easily cancel the real estate contract.

When should you walk away from a house?

6 Reasons to Walk Away From a Home Sale

  1. The house appraises for less than what you’ve offered.
  2. The home inspection reveals major problems.
  3. The title search reveals unexpected claims.
  4. The house will cost a fortune to insure.
  5. The deed restrictions are way too onerous.
  6. Work has been done without a permit.