Home Inspection Repairs

Posted By Kim PeasleyParker @ Dec 30th 2010 7:11am In: Buyer Information

Repairs from the Home Inspection

After a home inspection is completed, repairs may be needed for items throughout the home.  Any seller, unless selling property "as-is", needs to be prepared to complete repairs on any items required by the Agreement to Buy and Sell Real Estate
Repairs that are required from an inspection are listed in paragraph 19 of the South Carolina Realtor Association Agreement to Buy and Sell Real Estate.  The agreement specifically states "the cost of all repairs to heating system, air conditioning, plumbing and electrical system to be conveyed, and to make the roof free of leaks, to address environmental concerns and to make the dwelling structurally sound and provide wood infestation treatment, if any required by Section (B) and (D) above, to be paid by Seller".  No issues outside the above statement are required to be repaired by the Seller unless the items was addressed in the offer and contract.
If the Seller refuses to make the repairs, there are three possible outcomes within the Agreement:
  1. The Buyer may accept the property without repairs.
  2. The Buyer can negotiate with the Seller for the payment of these repairs.  The Buyer may ask for concessions to the sales price or for money to be put in escrow at closing for the repairs.
  3. The Buyer may terminate the agreement. 
Many times the home inspector may recommend maintenance items on the report.  A Seller may not be required to repair or perform this maintenance.  These are normally items that need to be completed in the future and do not fall under the Agreement requirements.  The Buyer may ask, and it is up to the Seller to agree or not.  These issues would not bring the Agreement under the three scenarios listed above though. 

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