Highlands NC Real Estate, Will Home Inspection Require Repairs?
When it comes to Highlands NC real estate transactions, many questions arise, including will a home inspection require repairs? The answer is both yes and no. Every home inspection report will reveal issues, after all, no home is perfect. However, a seller will have some obligations. Understanding the home inspection process is important. Sit down with your Highlands NC REALTOR to understand what a seller is responsible for and what effect this will have on a transaction.
A seller has no obligation to anything on an inspection list. However, there are times that an inspection report can raise flags for a lender. In this case, repairs will be required for a Highlands NC home for sale. This could include structural issues. Repairs will also be necessary for building code violations, as well as basic safety concerns. A lender will likely not want to lend on a home that is immediately going to be underwater due to costly repairs.
When a big repair is needed for a Highlands NC home there will likely be a negotiation. A roof replacement, for example, will probably have a buyer take pause. A request would be expected for either a replacement to be made prior to closing or money toward the replacement at closing. Negotiating may lead to a seller taking care of repairs, shared costs for repairs, or the end of a contract.
Learn more about Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying and selling real estate in Highlands NC. We welcome the opportunity to update you on the market while answering all of your questions. Let our knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “Home Inspections: What Items Need to Be Fixed?” from REALTOR Magazine.