When Should Buyers Demand Repairs, or Seek Credits?
There comes a time in most house sales when the buyer and seller have to decide who will pay for any necessary repairs. As with all real estate matters, it depends.
As-Is Often Means As-Won’t Sell
Homeowners who sell their houses “as-is” may end up costing themselves more than they would have spent to make the necessary repairs – if they are able to sell their homes at all.
Average Boston Homeowner Will Spend Over $35K to Sell Their Home
A new study of 35 major metro areas from Zillow and Thumbtack estimates the average American home seller will spend nearly $21,000 on home improvements, closing costs and staging this year, while the average Boston-area homeowner will spend over $35,000.
Let the Buyers Handle the Repairs
The inspector in your transaction calls out issues with the roof. Do you try to persuade the sellers to handle the repairs before the transaction closes or do you issue the buyers a credit and let them handle it?
