Buyer Tips | Seller Tips | General Tips | Real Estate Glossary
Typically there is a chain of events that occurs when an offer comes in on a
home. After a meeting of the minds, the buyer often brings in a home inspector
who usually finds a few items that need to be repaired. The Realtor gives the
homeowner a list of the requested repairs. What comes next?
The seller takes care of the repairs in most transactions. Many sellers wait
until the week before the closing to call someone to do the work (they want to
be sure that they are going to make it to the closing table before they spend
money on repair work).
If you are responsible for making repairs to a home you are selling, make sure
you have the work done well in advance of the closing date by licensed
professionals who will stand behind their work. If the work is done at the last
minute and is incomplete or unsatisfactory, it could cause complications at the
closing. You should provide the buyers with all the receipts and the names of
the persons to contact in case there is a problem with the repairs.
Contact Anita Kay
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