Those Pesky Repairs
It never fails. After a potential buyer’s home inspection of what is otherwise the perfect property, there are issues that require the seller’s attention. Whether it is a faulty furnace, double tapped electric circuit breaker, rotten steps or mold, inspection defects like these can bring a screeching halt to the simplest of transactions.
A home buyer has the right to expect certain defects to be addressed by a seller, and often a seller will give a concession by reducing the sale price or providing a closing cost credit. But when a concession is not an option, a seller can always agree to repair or correct the defects at the seller’s expense prior to closing. (more…)