Home buyers must often deal with deferred maintenance or repairs. For example, you may have found a terrific house and like many competent home buyers, you included a structural inspection contingency in your purchase agreement. What happens when you find out that your "perfect" house needs some work? Do you ask the sellers to pay for the repairs? Before you answer "yes", there are some important considerations.

Some contracts require that all of the home's systems, such as plumbing, heating, electrical and central air conditioning, be in working order. In this case, the sellers may be obligated to repair any problems with these systems. Leaky roofs, damp basements, or other structural problems may not be covered, however. If you ask the sellers to make these types of repairs, you may void the contract by doing so. The sellers might prefer to negotiate the repairs to keep from losing the sale. If there are other buyers waiting in the wings with back-up contracts, you run the risk of losing the home.

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Margaret Henkel
Phone: 941-924-3864
Fax: 941-922-0931
Michael Saunders and Company
Licensed Real Estate Broker
8330 S. Tamiami Trail
Sarasota, FL 34238
Office: 941-966-8000

Florida’s exceptional Gulf coast real estate properties include established gated communities, new home communities, golf communities, waterfront and beachfront homes, luxury estates, villas and condominiums.

Margaret Henkel sells real estate in the neighborhoods of greater Downtown Sarasota, Florida, Longboat Key, Siesta Key, St. Armands Circle, Lido Key, Casey Key, Palmer Ranch and Lakewood Ranch.

  

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