Comments on: Should Our Agent Pay For The Repairs?

By: infinite crisis 247

infinite crisis 247 — Sat, 16 Jan 2010 05:46:47 +0000

assuming that this is not a foreclosure, you should have had the seller pay for the repairs. why would the seller let you do work on a home that you don’t own yet? how does he/she know that you know what you’re doing? why would you want to? lets say that the sale falls through, you are now out of pocket for your sweat equity as well as your 50 bucks. also, did you get a home inspection done? you mentioned that the realtor told you these things. the inspector should have given you an inspection report. although some realtors are also home inspectors they cannot act as both on one sale.

By: lathom01

lathom01 — Sat, 16 Jan 2010 05:12:35 +0000

Whoever owns the house should pay for the repairs. I’ve never heard of such repairs being required prior to an inspectors visit. In fact, it’s HIS job to list all the needed repairs that must be done to satisfy the bank. The realtor can certainly make suggestions but what if you put all that time and money into fixing those things only to have the inspector later say the foundation is crumbling, or it’s eaten-up with termites? If this house is bank-owned, then I honestly dont know who has to pay for repairs but—again—I’ve never heard of repairs having to be made before the inspector arrives. Generally, he goes through the house, makes a list of all repairs needed, and you deduct the amount required for the repairs when you make your offer on the house. But…..since it’s only $50, I say do whatever you feel is right. If you end up buying the house, keep all your receipts and ask the lender to deduct the $50 then.

By: Classy Granny

Classy Granny — Fri, 15 Jan 2010 23:57:27 +0000

Neither you or the agent should be paying for this. Its still the responsibility of the owner.

By: David Z

David Z — Fri, 15 Jan 2010 18:41:26 +0000

FHA inspection issues are deemed safety issues and are required to be corrected prior to closing.
Most times the buyer insist that seller correct these issues. However if you are buying a foreclosure then the seller will never fix them.
Better alternative would be to ask seller for $50 credit at closing to cover supplies. But you have to ask before you do the repairs. They must agree in a signed addendum to your contract.
I would not ask your agent for $50. That seems kind of petty.