In Wisconsin....we highly recommend that every Buyer has a home inspection done by a licensed home inspector. If there are issues that require a specific contractor....there can be evaluations and quotes done by electricians, plumbers, foundation specialists, roofers...etc.
Buyers usually write amendments to their offer after the inspection asking the Seller to repair or replace items found on the inspection. Item can be simple things like replacing damaged boards, extending downspouts or replacing electrical receptacles.
Sometimes there is more expense involved in the repair or replacement of items on the amendment.In Wisconsin, radon is a common problem and if the levels are found to be higher than those recommended by government standards, the Buyer requests the Seller install a radon mitigation system. Costs vary and usually range from $750- $1000.
If a Seller would refuse to make this kind of repair...or another major repair..items related to the foundation for example...drain tile, sump pump...the buyer can walk away from the transaction.
In addition to the possibility of the transaction falling apart, if the buyer walks away, the Seller must now amend the
condition report to let every potential
buyer know of the condition that was
found on the property and not
remedied by the Seller. This is certainly not a welcome invitation for any buyer to write another offer with what now can be viewed as a less than cooperative seller.
To answer the question...do you HAVE to make repairs as a Seller....maybe not every tiny little thing but if you skip the major ones...you may well find yourself without a buyer.
If you are a Seller or Buyer in Southeastern Wisconsin looking for Realtors to guide you thru the process of Selling and Buying...Call the Hansons for the happily ever after in all things real estate.