We are attempting to sell our home. We heard that if/when we sell our home we could be responsible for some repairs that come up. Is that true?

Asked by Blanca, Fort Worth, TX Fri Nov 6, 2009

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Nathan Beckey, , Fort Worth, TX
Sun Aug 12, 2012
You're only responsible for what you negotiate in the contract. Could sell it as-is or decline all repairs that a buyer's agent or inspector may identify. Depending on the sales price the buyer may expect or not expect these to be corrected.

Always remember, in real estate, 'Everything is Negotiable'.

Nathan Beckey, Realtor
(m) 817.691.3602
More Options. More Results.

visit us online at http://www.exclusivepropertiestexas.com
0 votes
Jeff K, Home Buyer, Bristol, PA
Mon Dec 21, 2009
Hi Mark,

Actually some things are NOT negotiable. Here in PA, if it's a normal resale, the Seller is REQUIRED to provide the CO, and is responsible for any repairs the town requires to make this so.

I don't know the scoop in TX but I'm pretty sure that the seller will find themselves either fixing certain things or giving money to the buyer in lieu of that. And who knows what the deal is on the CO ...

Keep WARM up there in Michigan!!!

Jeff
0 votes
Mark Snyder, Agent, Charlevoix, MI
Mon Dec 21, 2009
Everything is negotiable....period.
0 votes
Deborah Madey, Agent, Brick, NJ
Mon Dec 21, 2009
Hi,

This is a timeless question and one that could likely be Googled.

Municipalities, in certain circumstances, can impose mandatory repairs. Even if that is not the case, it may be wise to work with a potential buyer and perform some repairs. In particular, FHA loans are very common and completed repairs can be a condition of loan approval. When a buyer applies for an FHA loan, the appraiser who comes out for the lender will also perform a brief inspection of the property.

Competitive forces of your marketplace might encourage you to work with a buyer on repairs. If other sellers will, and you will not, it might diminish your ability to sell - or cause you to sell for less.

Best Regards,
Deborah Madey - Broker
Peninsula Realty Group
732 530 7755 Main
732 530 6350 Direct
0 votes
Jeff K, Home Buyer, Bristol, PA
Sun Dec 20, 2009
Hi Sajata,

Welcome to Trulia. It's an easy thing to miss sometimes, but please note that the date that a question has been asked is just under the question itself. Some older questions are "timeless" though

Thanks!

Jeff
0 votes
Sajata Hale-…, Agent, Fort Worth, TX
Sun Dec 20, 2009
Hopefully the new $6,500 tax credit for move-up buyers will help you guys in making a decision on how much to repair, if anything. If you need help deciding what's most helpful to repair before listing your home for sale, I'm happy to assist. Have a happy holiday!

Sajata Hale-Williams
0 votes
Ross Neag, Other Pro, Chicago, IL
Fri Nov 6, 2009
Blanca,

While some repairs may be required by local municipalities or code enforcers, most are not. We are seeing a number of savvy home owners requesting pre-sale home inspections so that they don't have any gotchas during a "real" home inspection once the property is under contract. Of course, your due diligence is required in selecting the first home inspector as he/she may miss items that a seasoned pro would catch during round two. In any event, it is usually money well spent and helps limit the defect a buyer will face in the end. And I truly don't mean that from a revenue generating perspective. Who doesn't want to be pro-active in a tough market?
0 votes
Keith Sorem, Agent, Glendale, CA
Fri Nov 6, 2009
There are a couple of points:
1. In some areas there are REQUIRED safety standards, such as smoke detectors, earthquake shut off valves, depends on the locality.
2. Some repairs might be required by the underwriter for the buyers' financing. For example, if there is a termite inspection, and in order for the termite clearance to be issued, certain infestations must be eliminated and repairs made.

Some Realtors recommend having your home professionally inspected before putting it on the market, so everyone knows what needs to be done and what is okay.

In most cases buyers prefer well-maintained homes. You'll have shorter market time, better offers, and less haggling.
0 votes
James Gordon…, Agent, Hamilton, OH
Fri Nov 6, 2009
Blanca sometimes it is not even the amount of work but the kind of work. A cracked pane of glass and a little pealing paint on the front porch may keep a buyer from getting a FHA or VA loan.
Web Reference:  http://www.Find1Home.com
0 votes
T.E. & Naima…, Agent, Dallas, TX
Fri Nov 6, 2009
Repairs are negotiable. Seller are never REQUIRED to repair anything. Price is king these days. If your house needs some work that you are aware of, price it accordingly. If you can do the repairs, your house will sell faster and probably for more money.

If the house needs too much work where a buyer cannot get a certain type of loan such as a VA or FHA.

Your Realtor should be able to advise you accordingly based on what the work needed is.

Naima
214-289-8555
Naima@Sumner-Realty.com
Web Reference:  http://www.SumnerRealty.com
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