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Anita Kay
866-632-5491 |
Buyer Tips | Seller Tips | General Tips | Real Estate Glossary
You found a terrific house in
town, and like many smart home buyers, you included a structural
inspection contingency in your purchase agreement. What happens when you find
out that your "perfect" house needs some work? Do you ask the sellers
to pay for the repairs? Before you answer "yes", there are some
important considerations.
Some contracts require all the systems, such as
plumbing, heating, electrical and central air conditioning, to be in working
order. In this case, the sellers may be obligated to repair any problems with
these systems. Leaky roofs, damp basements, or other structural problems may not
be covered, however. If you ask the sellers to make these types of repairs, you
may void the contract by doing so. The sellers might prefer to negotiate the
repairs to keep from losing the sale. If there are other buyers waiting in the
wings with back-up contracts, however, you run the risk of losing the home.
Contact Anita Kay
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