Relocate to Wisconsin : "What if I choose not to make repairs...?" questioned the Seller

"What if I choose not to make repairs...?" questioned the Seller

 In Wisconsin....we highly recommend that every Buyer has a home inspection done by a licensed home inspector.home inspection 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 real estate condition reportwalk 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.

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


home worth iconemail iconhome searchLinked In  facebook

Comment balloon 8 commentsSally K. & David L. Hanson • October 07 2015 04:05AM

Comments

This is good advice for home sellers. I hope they will read it.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 2 years ago

The long and the short of it.....work with professionals like the Hanson's who can best advise you on how to get the deal closed.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) over 2 years ago

Sally & David, it is best if the Seller does take care of the major items requested from the inspection, as they do need to be disclosed to the next buyer.  Great post! 

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) over 2 years ago

Good morning Sally and David. Well written and simple to understand. Good job.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) over 2 years ago

Hi Sally.  I tell the sellers that we have to disclose material defects to prospective buyers.  It's cheaper to do the repairs.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) over 2 years ago

Sally and David it is very foolish of a Seller to not make that type of repair.  The costs of continuing to carry the house if the Buyer walks away far out weighs the costs of the repair(s)

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 2 years ago

Sally and David- Sellers need to be made to understand that in many cases, the cost of those repairs is small compared to loosing  your sale. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) over 2 years ago

Sally K. & David L. Hanson - the sellers should thank buyers for the offer and asking for minor repairs! It's always a good idea to keep it 'together'!

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) over 2 years ago

Participate