Quote:
Originally Posted by Tom C
Good Question!
I have found that everything is negotiable. When we sold our last home, our realtor specifically stated that we (as the seller) would fix anything that was “Health or Safety” needed. Cosmetic issues would not be addressed.
I believe this is best to be ironed out BEFORE the inspection is done. You may also want to determine WHO is the authority if an found item is a “Covered item” or not.
Good Luck!
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A Villages listing is as Tom points out is Health or Safety but includes items not functioning as designed would need to be repaired. The limit is 1.5% of the purchase price. The buyer can cancel without loss of deposit if seller does not want to repair or costs exceed 1.5% and they do not want to fix it. They will have to disclose this when they try to sell to someone else. So if the roof leaks they would need to repair it. If the stove did not work they would need to repair it. If they choose not to the buyer can walk with his deposit and the seller would have to disclose this to any future buyers.