The day of inspection is here! All depends on the report whether or not you will sell the home. STOP! Don't think in those terms. Remember, an inspection is an essential part of most real estate transactions. More importantly in this market, the buyer will have better peace of mind knowing all the good, bad and ugly your home has to offer. Like people, there are no perfect homes.
Most homes on the market need repairs. The major repairs are the ones to focus on first as minor repairs are not the ultimate goal of an inspection. If you see there is a major repair needed in your home, it needs to be handled as soon as possible to avoid problems at closing. As a seller, you are entitled to get quotes for the repair. The buyers are entitled to get repair quotes as a negotiation tool. It does not matter which party proceeds with repairs, but you the seller may consider offering the buyers a credit. With all that it takes to pack and move, you can have a peace of mind knowing the buyer can have the repairs done to their desires and time scale. But in any circumstance, once there is an understanding about the repairs and the terms, have it all in writing and dated and signed by both parties. If the seller has the repairs done, make sure the receipts are presented for all work done.
Remember, in real estate each step has to be documented to ensure each party is satisfied at closing. Moody Realty is here to lead you in the right direction. If you have any questions about selling or listing your home, call us at 205-640-7671.