Wednesday, July 20, 2016

INSPECTIONS ARE COMPLETE. NOW WHAT?



INSPECTIONS ARE COMPLETE. NOW WHAT?                                                  

Excellent question! Review the inspection reports carefully and take note of the issues affecting the habitability of the house. The inspector should make note of major issues needing addressed prior to closing. These should not include items that most people would put into the category of “normal maintenance.” You really wouldn’t ask a seller to fix a dripping faucet or tighten a loose door handle. You’re really looking for issues that prevent you from being able to live in the home or issues that pose a safety risk.

If you found issues you deem the seller should repair, you’re Realtor will list these on a Post-Inspection Agreement. The part of the inspection as it applies to the items you want repaired will also be included to support your request for repair. Your list is submitted to the seller’s Realtor and the negotiation period for repairs begins. Keep in mind your contract states how many days you and the seller have to come to an agreement on your requested repairs.

Sometimes repairs can be completed at the seller’s expense prior to closing. You and the seller may agree to have the seller pay for the repair at closing. Then the buyer will be responsible for the repair work.

Be sure to discuss all of the options you have to come to your ultimate goal of getting repairs completed and closing on time.

Crank up the grill and celebrate!   

Steve Neal, SRES
Irongate Inc. Realtors
Ryan Gillen Team
937-369-6061



            



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