Our Silver Lake Real Estate Agents say if you’re selling your home, you might wonder if there are common repairs needed after a home inspection. A majority of home buyers, after all, won’t commit to purchasing a place until it’s been deeply vetted by a home inspector—and rest assured, if there happens to be problems, this professional will discover them.
Our Silver Lake Real Estate Agents say repair requests after an inspection are sometimes a problem, and liable to cut into your profits. So for beginners, make sure to read your contract carefully to make sure you don’t get locked into repairing something you don’t want to fix.
To be sure, repair requests after an inspection are a hassle, and liable to cut into your profits. So for starters, make sure to read your contract carefully to make sure you don’t get locked into repairing something you don’t want to fix.
As a seller, our Silver Lake Realtors say you should never sign a contract until you fully understand its obligations, particularly where it concerns your responsibility for repairs.
There’s no need for you to fix everything a home inspector thinks could stand for improvement; a home inspection report is not a to-do list. Silver Lake Real Estate Agents say repairs typically fall into three categories: ones that are pretty much required, ones that typically aren’t required, and ones that are up for debate. Here’s how to know which is which.
Silver Lake Real Estate Tips: Notable Repairs Required After A Home Inspection
There are some repairs that will be required by lenders before they will release funds to finance a buyer’s home purchase. Typically these address structural defects, building code violations, or safety issues.
If a home inspection reveals such problems, odds are you’re responsible for fixing them. Our Silver Lake Real Estate Agents suggest that you start by getting some bids from contractors to see how much the repairs will cost.
From there, you can fix these problems or—the more quicker route— give the home buyers a repair credit so they can pay for the repairs themselves. This might be preferable since you won’t have to oversee the process; you can move out and move on with your life.
Silver Lake Real Estate Tips: Home Inspection Repairs That Aren’t Required
Cosmetic issues and general wear and tear generally don’t have to be fixed. Some contracts will expressly state that the buyers cannot request any cosmetic repairs to be made and can only ask for fixes to structural defects, building code violations, or safety issues.
Furthermore, our Silver Lake Realtors say state laws may also impact your liability as a seller for any issues discovered during an inspection. Be sure to check your local ordinances to know which fix-its legally fall in your realm of responsibility.
Silver Lake Real Estate Tips: Home Inspection Repairs That Are Negotiable
Between repairs that are generally required and those that aren’t is a whole gray area of repairs that are up in the air. How you handle those depends in part on the market you’re in. If you’re in a hot seller’s market, you have more power to call the shots.
Our Silver Lake Real Estate Agents say that while buyers are always advised to have a home inspection so they know what they are buying, when there are a limited number of homes for sale and buyers need to compete for homes, they are more likely to waive their right to ask a seller to make repairs.
In fact, our Silver Lake Real Estate Agents say the best contract for a seller would be for the buyer to agree to purchase your home as is or to request an ‘information only’ home inspection, thus absolving you of any need to pay for any repairs.
However, in a typical market, you won’t be able to draw such a hard and fast line. Work with your real estate agent to understand what items you should tackle and where you might want to push back.
You’ll want to be reasonable—after all, you’ve already put a lot of time into the selling process, and it’s likely in your best interest to accommodate some repairs rather than allowing the buyer to walk away.
Also, depending on the magnitude of the requested repair, it’s not likely to go away. Now that it’s been uncovered, you’ll need to disclose the issue to the next buyer.
How To Negotiate Home Repairs
Here are two totally effective ways to handle the home repair hurdle:
- Offer a home warranty.
- Barter for something of value to the Silver Lake Home buyer. Often sellers will suggest their Silver Lake Real Estate Agent ask the buyers agent if the buyers want appliances or furniture if they have no plans to move them. Glenn Shelhamer encourages sellers to wait to make that offer until after they get the repair request list, because they may be able to beg off certain repairs in exchange for items such as the washer and dryer.