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A buyer and seller's real estate agents will be able to fill them in on the laws in their particular state, but in general a seller is responsible for paying to fix severe water damage or mold issues, to replace missing or broken smoke detectors, and to remedy building code violations, among other things.
Chimney Inspections. Electrical Inspections. Lead-Based Paint. Heating and Air Conditioning. Wood Damage. Foundation Inspections. Pool and Spa Inspections. Roof Inspections.
Buyers are welcome for any and all of the inspection as a chance to take a closer look at parts of the home you typically wouldn't, Mease says.
Ask the seller to make the repairs themselves. Ask for credits toward your closing costs. Ask the seller to reduce the sales price to make up for the repairs. Back out of the transaction (if you have an inspection contingency in place) Move forward with the deal.
Which repairs are mandatory? How much will repairs cost? Do you have to hire a professional or can you DIY the repairs? How much credit will you have to offer if you don't opt to do the repairs before closing?
A home inspector will look at things like a home's foundation, structural components, roof, HVAC, plumbing, and electrical systems, then provide a written home inspection report with results.Buyers should attend the inspection so they can explore their new home in detail and ask questions during the process.
Sellers have a legal obligation to either repair or disclose serious issues with the home. If the repair request is a big oneand it's not a surprise to themthey're almost always going to be required to spring for the cost or lose the sale.