How To Respond To A Buyer's Request For Repair

Yous Got A Repair Request From The Heir-apparent...Now What?

Posted past David O'Doherty on Tuesday, March 13, 2022 at 1:48 PM By David O'Doherty / March xiii, 2022 Annotate

The Buyer Wants Us To Prepare What?

Home Inspection Study

Information technology's sometimes a nasty shock for sellers who take lovingly taken care of their home over the years to get a repair request from a buyer that reads like it came from a derelict building. In truth well-nigh every home regardless of age volition accept something wrong with it or something that needs attention, even new homes have something that a domicile inspector will catch and write in their written report. Then what do you do when yous get a repair request from a buyer that makes your caput spin? You negotiated the offer and agreed to the sales price, agreed to a closing date and peradventure you're paying closing costs, signed the sales contract and now this.

What'due south In The Repair Request From A Buyer Anyway?

The first thing to practise is not get upset or emotional about a repair request merely to go over it with your agent and compare information technology to the home inspection written report which more than likely will have more details and photographs. The repair request is an itemized listing of requests the buyer is making to the seller and they can exist corrective, mechanical, structural, pretty much annihilation they desire to enquire for...doesn't hateful you lot accept to practise them though. Remember everything is negotiable and y'all are not obliged to exercise any repairs just go on in mind the buyer is not obliged to buy the house if you don't.

Minor Repairs Should Stay Small-scale

Often a repair request looks a lot worse than information technology is, home inspectors have terminology they use to protect themselves and to inform the buyer of what they mean, explaining terms and describing what they have found. Read through each item and get to the solution and then you lot will be able to decide if it is a pocket-sized fix or something elementary such as replacing a light seedling. Yeah a abode inspector volition make note of a light seedling that is not working and recommend repair or replacing because it may not be the bulb that is diddled merely something more serious. All habitation inspectors are non created equal and if yous have two home inspectors inspect the same house it is very probable they volition come up with two dissimilar reports. I apply Jayme Clark with Clear Selection Domicile Inspections who is extremely thorough and explains everything to the buyers and if he finds something minor will let them know what the consequences of leaving it are.

Hiring A Licensed Professional

Once you have read through the repair request you will more than likely come up up with a list of items you tin reasonably take intendance of, a list of items you will not take care of and possibly some items that y'all volition need to get an approximate on before you decide if you're going have them repaired. If the items on the written report are modest and don't require you hiring a professional so I e'er  suggest you do them and move on to the closing. In one case you equally the seller have been fabricated aware of a trouble in the home that y'all were unaware of earlier filling out the Residential Property Disclosure Statement and it is mentioned on at that place, then you must repair information technology or make note of information technology in the disclosure statement. If a real estate amanuensis is aware of a defect or trouble with the home they must disclose it.  Some sellers allow their emotions get the better of them at this point particularly when they may have accustomed a sale price lower than they wanted to accept. Not all markets are like this simply it's well-nigh always better to piece of work with the buyer you have than to become and find a new one, so long as they are being reasonable.

Major Items On A Dwelling Inspection Will Demand Fixing

If you receive a repair request from the buyer that has items that require a professional for example an electrician, plumber, HVAC technician and so the home inspector will use terminology such as "should be evaluated/corrected by a licensed professional". If this is the instance and you plan on completing the repairs you will be required to rent a licensed professional to come out and find the trouble, give you an estimate for the repair and and then complete the repairs earlier the settlement date. In older homes the HVAC organization is one of the common systems in the dwelling house that require repairs notwithstanding if information technology is working and it is doing what it was intended to do so that is all that is required.

Market place Atmospheric condition May Determine What You Fix

The market atmospheric condition play a big part in what buyers will ask a seller to repair or replace. In a hot sellers market place where homes are getting multiple offers days after going on the market the chances of a buyer asking for a lot of repairs are slim, knowing the seller has five other people who may not care. In a buyers market its a footling different but once a buyer has made an offer on a house they want they business firm it'southward not equally if they'll get down the street and buy another one if the seller won't make the repairs. In a buyers market with a lot of homes for sale it would exist smart for sellers to become everything fixed in the home before they list it. If you are in a neighborhood with new structure at shut to or slightly higher than your listing toll then that is going to be your contest and you may want to walk through ane of the homes to compare. Not all home buyers desire new construction just you can exist sure they will be weighing up the pros and cons of each.

Have It Or Leave It

If yous take a actually unique belongings which happened to buyers of mine recently when they were competing with multiply other offers on a ane of a kind property which they eventually won and their offer was accepted. We had a dwelling house inspection done and in that location were a few items that needed repairing but considering the business firm was almost 25 years former non a lot. We submitted a repair request and the sellers refused to have any of them done. Have it or go out information technology was the respond in and so many words. As I said they were mostly small-scale items more of an inconvenience to my buyers  than anything  and the major components of the firm were recently updated, new roof, new HVAC so the buyers took it equally is. In that location was no way they were going to lose out on this property which was spectacular and the seller knew information technology.

Negotiating Later Dwelling house Inspection

So when you get that repair request that makes your head spin take a deep breath, talk to your amanuensis who will accept a meliorate sense of how of import it may be to the buyers. If your house is older than five years and your amanuensis prepared a net sheet you lot may have allowed for whatever repairs you felt might be needed. It may exist you have a super hot holding and can afford to refuse to practice any repairs and meet if the buyer will accept the home anyway but more than likely you will need to do some repairs. If they are large ticket items yous have to decide if y'all tin can afford to make the repairs, and if non maybe taking the house off the marketplace. If they are minor and more of an inconvenience make up one's mind if it's easier to just do them and motion on or negotiate some of them off the list. If yous are paying for closing costs you will likely be able to narrow the list down. If you are thinking of selling your home and would like a re-create of the NC Residential Property Disclosure or you'd like to have a net sheet showing what are the typical costs associated with the sale of a home give us a call at (919) 601-2268 or email [email protected] Save Save

Source: https://www.searchclaytonncrealestate.com/blog/you-got-a-repair-request-from-the-buyer-now-what/

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