Issues Discovered During Home Inspection- What can we realistically expect seller to take care of? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
· In a conventional deal, buyers and sellers typically negotiate which repairs will be completed and which ones will not. In an FHA transaction, the underwriter determines what repairs need to be made (based on a mandatory inspection) and the borrower is not allowed to.
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Bad inspection results are scary because you have no real way to know how the buyer will react. If they’re really bad, the buyer will probably back out. At the very least, you might have to deal with a request for repairs or some other renegotiation. Either way, the shock and surprise of it is sufficient to create a lot of uncertainty.
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Home > Learn It > Buying or Selling a Home > Home Inspection Tips for Sellers. Author : Tom .. if problems are discovered, you have the time and the ability to either repair these on your own schedule or to disclose them upfront to the buyer, eliminating the possibility that the buyer will.
Do Most Sellers Make Repairs After a Home Inspection? Purchasing a home is a long and arduous process, especially for first-time buyers. It can feel like a roller coaster from the moment you hire a real estate agent to the moment you get the keys.
Practice 1. Prospective buyers made an offer on a property. The seller did NOT accept, but made a counteroffer. The prospective buyers signed the counteroffer and the real estate agent delivered their acceptance to the seller. In the interim, the same buyers had found another house that they liked better and made an offer on it, which was accepted.
When problems are discovered, buyers have four basic options: renegotiate with the seller to have the needed repairs made before the sale closes; ask for a lower sales price so the buyer will have.
When problems are discovered, buyers have four basic options: Renegotiate with the seller to have the needed repairs made before the sale closes; ask for a lower sales price so the buyer will have the money to make the repairs after moving in; purchase the property "as is"; or cancel the sale and have their deposit returned.