Asked by: Jasmina Rumenappasked in category: General Last Updated: 11th January, 2020
What happens if seller does not complete repairs?
Similarly, you may ask, what happens if seller does not make repairs before closing?
If the seller didn't do repairs, yes you can refuse to close. You also need to look at what you lose if you don't close. If you actually don't close, you lose all your inspection money, appraisal money, and any money you put into the transaction.
Also, can seller make repairs after closing? Repairs can be made before or after closing but if the seller makes the repairs before closing, the buyer should take the home inspector back for a recheck as soon as possible. However, there are some scenarios where repairs can be made after closing.
Also know, how long does seller have to make repairs?
There is no set time frame for them to respond but 2-3 business days is standard. If both the buyers and sellers have not reached an agreement on the repair requests within ten business days of the seller signing the contract- then either party may cancel the contract and the buyer will get their earnest money back.
Do sellers have to fix everything on home inspections?
Home inspection repairs that aren't required Cosmetic issues and normal wear and tear that's found by the inspector usually don't have to be fixed. Furthermore, "state laws may also impact your liability as a seller for any issues uncovered during an inspection."