After reviewing and writing estimates on over 13,000 homes we have a few reminders on the importance of addressing buyer’s response on inspection repairs before the closing on the sale of the home:
Major and Safety Repairs.
Major repairs and deferred maintenance can quickly lead to additional issues and further damage to the home if left unrepaired. Safety issues can lead to harm to the new homeowner and their children. Agents, buyers and sellers all need to protect themselves. Get it done.
Limits Seller’s Liability.
Completing all the repairs agreed upon by both the buyer and seller limits the seller’s liability to post closing issues, such as complaints, claims or lawsuits.
Buyer’s Assurance.
Completing repairs before closing protects buyers against hidden damage and unforeseen costs that could be exposed when a repair is made after closing. Buyers want to have peace of mind about their new home and not be surprised with unforeseen issues. When repairs are completed, this provides the buyers the opportunity to have the repairs re-inspected before they take ownership. Buyers can settle in to their new home knowing that the repairs were done properly.
Negotiating.
When price is negotiated down or money given back at closing we find that often times the new buyer fails to have the repairs made. The needed repairs come up again when the house is resold.
Storm Damage.
Seller’s insurance company could pay for roofing, siding, or other damage if caught in advance of the sale.
As a leader in our industry, Indiana Residential can provide a quick accurately written estimate, and repairs made correctly, on-time, by professionals. While others promise results, we provide them.
Contact us and learn how we can be integrated into your process, helping you be more productive and focusing on what you do best, selling homes!
