So you’ve had a home inspection done—what do you need to repair?
Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation
If you or a potential buyer has had a home inspection done on your property, what repairs are you obligated to make? Well, none of them are mandatory. However, you do need to consider three key things:
- What is written in your purchase and sale agreement? If your agent wrote (with your permission) that you’d spend up to $500 on any repairs that were found in the inspection, then that’s how much you’d be expected to spend. If you wrote that you’re selling the house as is, then that’s the way it will go.
- What are the lender requirements? If your buyer is doing an FHA, VA, or another government-backed loan, they can get a little picky about repairs and may require them to be done in order to give the buyer the loan.
- What do local laws say? It could be that you’ve been using the property for something other than what it has been zoned for; in that case, local laws may require you to make certain changes to the property.
As you can see, when selling your home, it pays to have a strong listing agent to represent you. That’s something that the Charlotte Mabry Team excels at, so if you’re thinking of selling, don’t hesitate to reach out to us. We’d be happy to help you from the start to the finish.
No comments :
Post a Comment