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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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