Quote:
Originally Posted by Hifred
Kathy, I don't understand what you mean by "you agree to repair anything that is broken." Do you mean after the inspection or that the home should be in good condition before you list it. I am not sure what you mean by "anything" I don't understand but would like to know.
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After our offer was accepted by the sellers we had the property inspected, as most people do. Our realtor told us that anything that the inspector found to be not working would be repaired by the sellers. She said the listing agreement they signed with VLS requires them to do so. They are not required to fix cosmetic issues and obviously buyers and sellers can disagree over what items fall into each category.
It was our experience in other parts of the country that people often used the inspection report to make unreasonable demands on sellers to make "repairs" or to lower the price that had been agreed to by threatening to walk away from the deal. I think The Villages was very smart to write their listing contract in such a way as to limit the possibility of deals falling apart like this. It isn't necessarily in a buyer's best interest but it keeps things on track as far as sales go!
k.