are home sellers responsible for anything after the house is sold?
Generally speaking, no house is perfect, and the home inspector’s report is not a work list for the buyer. If the inspection turns up problems, most buyers and sellers end up getting them fixed before escrow or by including money in the final settlement of the sale to pay for the new roof or rusty water heater. Making Repair Demands. It's common in real estate for home buyers to demand their sellers cover repairs discovered after closing. Typically, buyers will demand their sellers cover repairs they believe their sellers should have known were needed prior to sale closing. “It’s not uncommon in Arizona to have peeling paint because of our climate. But if you do, it will always be nailed by appraisers and the home inspector. If your home is selling for under $300,000, the buyer may be thinking about an FHA loan. If that house has peeling paint, that’s often a red flag for the FHA.”. Remember, as the seller, you don’t have to fix anything but the warranted items; generally, those are considered to be certain items that are necessary in order to live in the home, such as air-conditioning, electricity and plumbing. Home sellers and home buyers who make purchase agreements with each other are generally bound by their contracts' terms. Many real estate purchase agreements contain language detailing just what repairs home sellers are responsible for completing before home sales close. Also, homebuyers sometimes have home inspectors or contractors check out the homes they're buying to ensure completeness of any agreed-upon repairs. Home seller liability for repairs after a home's sale closing is complicated, though, and liability may or may not exist. Missouri I sold my home 6 months ago. The buyer sent me a request for repaires due to a plumbing leak that he states was not properly repaired. He is asking for the 100.00 plumbing repair and 600.00 dollars for damages. There was a previous owner to the home and I did not make the repair nor did I ever have knowledge of any water leakage from the area. You finally got an offer on your house, and the buyer had a home-inspection done. The inspection report says several items may not be up to standards or are in need of repair or replacing. Listed Repair Conditions. Many buyers insert repair contingencies into the real estate purchase agreements they and their home sellers sign. Home sellers are generally liable for completing repairs they've agreed to make listed in the real estate purchase contracts they've executed with buyers. But if you failed to repaint the dining-room ceiling after that and the drywall has brown rings, no one is going to believe your story.”. • Signs of termites. “Do a little visual inspection before you sell your home to see if you have termite trails on the foundations. Then have your house treated before listing it. I recently received a right to recovery notice from the buyers insurance co. However this is only an estimate of the repairs. The plumbing repair was payed by the buyer but I have no proof that the money for the damages has been paid. I have 2 questions.
No