this week. Is it customary to request that the seller correct any problems noted in the home inspection report before closing?
2006-09-25 04:21:49 · 9 answers · asked by pimpjoooce 2 in Business & Finance ➔ Renting & Real Estate
If you dont wish to do the work yourself then yes. Otherwise if your doing the work yourself, I'd ask for a price reduction to compensate for the money you will have to put our to correct the inspection items.
However even if you request the seller correct the items, they dont necessarily HAVE TO.
2006-09-25 04:25:24 · answer #1 · answered by sem3578 2 · 0⤊ 0⤋
You can request that the seller fix or improve any problems you noted during your inspection. The seller has the right to see a copy of your inspection report. If the seller chooses not to fix any of the issues, you have the right to cancel the contract and look for another property. Buying a condo is a huge investment-make sure it is in good condition and fixed before you buy it. Good Luck!
2006-09-25 11:25:23 · answer #2 · answered by hulkster524 2 · 0⤊ 0⤋
Take a look at the inspection report and see what problems you think are worth asking the seller to fix. It is perfectly fine to ask the seller to fix things. You might also consider asking the seller to come down in price if you are willing to spend money to fix things yourself.
2006-09-25 11:26:28 · answer #3 · answered by Lee 7 · 0⤊ 0⤋
Your sales contract may limit the time you have to request repairs or a credit, and credits may also be limited to latent defects ... not patent.
It is also possible that your contract disallows repair credits period. You really have to read what you signed for the answer to this question.
2006-09-25 11:55:47 · answer #4 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
Yes, it most definitely is! Are you working with a real estate agent? If so, they should be able to answer this question for you as well.
2006-09-25 11:24:24 · answer #5 · answered by I ♥ AUG 6 · 0⤊ 0⤋
Read your contract. You may or may not be able to ask for repairs but it is spelled out in the contract.
2006-09-25 14:13:44 · answer #6 · answered by Karen R 3 · 0⤊ 0⤋
I would also ask the seller to pay for the closing costs.
According to this article, this is the least they can do.
http://biz.yahoo.com/brn/060909/19463.html
And according to this article, you can probably ask for discount.
http://money.cnn.com/2006/09/25/news/economy/homesales2/index.htm?postversion=2006092513
2006-09-26 04:43:37 · answer #7 · answered by Price is what you pay for value. 3 · 0⤊ 0⤋
Are you sure you are purchasing real estate? Where is your agent and your attorney? Why are you paying commissions and fees if they don't handle these issue for you?
FIRE AND RE-HIRE!
2006-09-25 11:32:28 · answer #8 · answered by Notorious 4 · 0⤊ 0⤋
yes, they also can give u a warranty on the repairs
2006-09-25 13:08:23 · answer #9 · answered by Eva Daniel Rn 4 · 0⤊ 0⤋