Seller says they will do the repairs

Published on 22 September 2024 at 09:06

Buying a Cincinnati Home "As Is": A First-Time Home Buyer's Guide

So, you're ready to dive into the Cincinnati real estate market and buy your first home? Congratulations! But what happens when you stumble upon a property listed "as is?" It might seem like a great way to snag a deal, but it's essential to proceed with caution. Buying a home "as is" can be a good opportunity for a first-time home buyer—but it also comes with risks that you’ll want to fully understand before committing, especially with Cincinnati's unique housing market. Here’s a breakdown of what it means and what to watch out for.

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Do your dam job make sure the home is ready

PSA: When a home isn’t ready for inspection, here’s what happens:We reserve an appointment time specifically for your inspection. During that period, we often receive additional requests from buyers who are also eager to secure an inspection — thankfully we stay very busy. If the home isn’t prepared (for example: utilities are off or the property is not accessible), we are unable to complete the inspection, yet the time slot has already been held. That buyer may then go elsewhere because we were unable to serve them in that reserved time.Additionally, our team may have already invested significant travel and communication time — often up to an hour drive each way, plus coordinating calls, texts, and scheduling updates with all parties involved. That easily adds up to 2–3 hours of work that must be repeated later.Why this matters:The buyer becomes frustrated and their transaction is delayed.The listing agent receives multiple reminders (two emails and two text messages) prior to the appointment to ensure the home is ready — and is expected to communicate that to the seller.We often lose income and another inspection opportunity because we held that time slot. This is why a re-inspection fee — sometimes $395 — is necessary

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I can do it for more

When someone asks me to discount my service I tell them this “Actually… I can do it for more.Because when you hire me, you’re not just paying for a basic service — you’re paying for the best inspection you’ll ever get. I find things others miss. I protect you from expensive surprises. And I deliver results that can save you thousands. That’s worth more, not less.” 

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Do not trust they will be done corretly

 

When a seller says they will get repairs done during a real estate transaction, it typically means they are agreeing to fix certain issues with the property, often as part of the negotiation process. This could arise after the buyer's home inspection report highlights problems like structural damage, faulty electrical systems, plumbing issues, or other concerns.

Key things to keep in mind when a seller agrees to repairs:

1. **Written Agreement**: The buyer and seller should put any agreed-upon repairs in writing. This can be included in the purchase agreement or as a separate repair addendum. The more specific, the better, so both parties know exactly what repairs will be made.

2. **Scope and Standards of Repairs**: The agreement should detail the scope of the repairs, how they will be completed, and who will perform them. It's common for buyers to request that a licensed contractor or professional do the repairs rather than the seller themselves.

3. **Timeline**: Repairs should be completed before closing, so a clear timeline is necessary. This ensures that the buyer has time to verify that repairs are done properly before finalizing the sale.

4. **Final Inspection**: Once the repairs are completed, the buyer may request a final walkthrough or inspection to verify that the work was done to their satisfaction. In some cases, a re-inspection by a home inspector can be arranged.

5. **Credits or Price Reductions**: Sometimes, instead of having the seller handle the repairs directly, buyers and sellers agree on a credit at closing or a price reduction. This allows the buyer to take care of the repairs themselves after purchasing the home.

Make sure all details about the repairs are properly documented to avoid any potential disputes later in the transaction.

 

Make sure you get receipts from true licensed professionals doing the work

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