When buying or selling a property, it’s not uncommon for issues to arise during the transaction process. One common issue is a Request for Repairs. A Request for Repairs is a list of items that need to be fixed or addressed in a property before the sale can be completed. In this article, we’ll go over the top three things you need to know about Request for Repairs.
Who Makes the Request?
A Request for Repairs can be made by either the buyer or the seller. The buyer may request repairs as a result of a home inspection, while the seller may request repairs as a result of an appraisal.
Regardless of who makes the request, the purpose is to identify any potential issues that need to be addressed before the sale can be completed.
What Issues are Included in a Request for Repairs?
A Request for Repairs can include a wide range of issues, from major repairs such as a leaky roof or broken heating system, to minor cosmetic repairs such as painting or replacing light fixtures.
It’s important to keep in mind that a Request for Repairs is not an exhaustive list of all the issues with the property. Instead, it’s a list of the most pressing issues that need to be addressed before the sale can be completed.
How to Handle a Request for Repairs
When a Request for Repairs is received, it’s important to review it carefully and assess the impact it will have on the sale of the property.
If you’re the seller, you’ll need to decide whether you’re willing to make the requested repairs or if you’d rather renegotiate the sale price. If you’re the buyer, you’ll need to decide if the requested repairs are acceptable, or if you’d like to renegotiate the sale price to account for the cost of repairs.
In either case, it’s important to communicate with the other party and work together to find a mutually acceptable solution. A real estate agent can be a valuable resource in helping to negotiate a Request for Repairs and ensure that the sale moves forward smoothly.
I’m here to help you navigate the process and find a solution that works for everyone involved.
So if you’re facing a Request for Repairs, don’t go it alone. Contact me today to schedule a consultation and find out how I can help. I am here is standing by to answer any questions you may have and guide you through the process.
Take the first step towards a successful real estate transaction. Contact me today and experience the peace of mind that comes with working with the best in the business.
