Newer Post | home | Older Post |
Must a seller agree to make repairs after the home inspection? |
|
Nope! What follows is an astute comment from Bob after my recent post on home inspections.... Scott, sometimes the impression is left (by the agents in some cases, but more likely just by the sellers hearing anecdotes) that the seller is somehow obligated to repair any deficiencies found by the home inspector. My mother was told she would HAVE to repair this, that, or the other thing, as if it were some kind of law that the house you sell has to be in "like new" condition. If the agent who is representing the seller lets someone put language in the contract obligating the seller to anything other than another potential round of negotiations after the inspection, then they have failed their fiduciary responsibility to their client. Likewise, they should be educating their clients that the contract is not completed until the buyer has the information to make a wise decision about the purchase, and when the amendments come in for the seller to fix stuff, they have a powerful, one-word tool they can use to protect themselves. The word "no".Bob is, indeed, correct -- the standard home inspection contingencies used in this area (I can't speak for other areas) do not place any obligations on the seller to make any repairs. A buyer makes a decision to buy a home based on the information available to them at the time that they make the offer. They then will often conduct a home inspection to learn more about the condition of the property. If they discover material defects, they can (reasonably) ask the seller to address those detects --- BUT --- the seller does not have to agree! Now, of course, if there are some major issues revealed during the home inspection, and the buyer requests that the seller address them, and the seller uses Bob's powerful one-word tool of saying "no" -- then the buyer, of course, can decide not to proceed with the purchase. But the point here is that nothing in the home inspection process requires a seller to make any repairs. Recent Articles:
| |
Newer Post | home | Older Post |
Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
Home Search
Housing Market Report
Harrisonburg Townhouses
Walk Through This Home
Investment Properties
Harrisonburg Foreclosures
Property Transfers
New Listings