Just accepted an offer on my home, and the buyer is having it inspected this week. As far as I know, there are no major issues with it. It's 11 years old, structurally sound, no termites, etc. What could come up that I'm not aware of that could sour this sale?
2007-07-01 01:50:08 · 5 answers · asked by gentle understanding 4 in Business & Finance ➔ Renting & Real Estate
i agree with the previous answers..
but...
if there are repairs and the buyers comes back with "conditional to these repairs or $$$$"
you can still say no.....................
some repairs are so petty it will drive you nuts...but if there is nothing major you can say no..(i saw one deal 100% collapse over a furnace 20 years old..working great the mortgage company refused to finance)..
2007-07-01 03:01:20 · answer #1 · answered by m2 5 · 0⤊ 0⤋
the offer will be conditional upon an inspection, their is not one single thing that will automatically mean no deal, but at the same time any little thing found in the inspection will allow the buyer to back out
it usually goes like this the buyer makes an offer conditional upon an inspection, the inspection occurs then the buyer will take the inspection report figure a cost for the repairs then request you the seller either fix it or reduce the cost from the selling price, either you say yes or no if no then the buyer can walk away
2007-07-01 02:39:03 · answer #2 · answered by goz1111 7 · 0⤊ 0⤋
usually in the purchase contract the buyer and seller agree on a total amount. For example you and the buyer might agree on that if there is more than 1,500 the contract will be null and void or the contract will be re-negotiated. If your property is only 11 years old I doubt there is much or any damage at all.
2007-07-01 02:24:39 · answer #3 · answered by WeLoan.Us 2 · 0⤊ 0⤋
check the plumbing and wiring. do you have smoke detectors? if the inspector finds something maybe you could renegotiate the price for the buyers to fix it.
2007-07-01 01:59:36 · answer #4 · answered by wendy_da_goodlil_witch 7 · 0⤊ 0⤋
cracks in the foundation, leaks in the roof, mold, plumbing and wiring not up to code
2007-07-01 02:14:02 · answer #5 · answered by ? 4 · 0⤊ 0⤋