I have friends that asked me to look over their home the day before they closed. There was about $800-$1000 worth of items that were not fixed after the inspection a month prior. My friends were so p1ssed they were going to walk away instead of closing. Instead, the seller setup a pot of money that both parties agreed too to fix the items. The parties closed on the house the next day.
All of this should have been in the purchase agreement: based on the inspection, all items should be repaired before closing, at least that’s what I have put in the contract.
I sold my last home on my own and I stated “as is”, I would not fix anything and I didn’t. The buyer still had it inspected to make sure if anything was found, the buyer would have to determine was it worth pursuing if the inspector found anything. Inspection was clean.
|