After inspection, if items come back that need to be repaired – is the seller required to do the repairs?
To answer this question, I’m going to take you back to when we were making an offer on a property. Like with many things we negotiate in real estate transaction, it depends on the strategy. This will have been a conversation that we would have had together before we made an offer.
Are we offering with “as is with right to inspect?”
In that case, the seller is not obligated to make any repairs. When deciding how to handle this as a buyer (and as your agent), it’s truly a matter of whether you want the property as is, or if it would be better for you if we cancel the contract.
Or, are we working with one of the other types of contracts – where there is a repair limit?
In this case, there’s a dollar amount in there. The seller is obligated, in this case, to repair items up to that dollar amount.
But the truth of the matter is this: If the seller wants to sell and the buyer wants to buy, we work together with the other agent to come to an agreement that’s a win-win for both sides. Which contract we use does make a difference, of course, and that’s a decision we’ll make together when we’re going down the path of making an offer.
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