Barb Schlinker The Real Estate Voice
Do Home Sellers Have to Give Up Inspection and Appraisal Concessions in a Hot Market
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:13:08
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Sinopsis
After the seller’s home goes under contract, the next steps are the buyer does and inspection and sometimes asks for things to be repaired, or an appraiser comes along and may not agree the home is worth what the buyer agreed to pay for the home. Does the seller have to do all the buyers ask?1. Well in this hot market, where there is low inventory and high demand for homes, the seller does not have to concede anything. However, the risk is that the buyer walks away.a. Probably the most common concession we receive this time of year are requests to check out the roof for hail damage. If the seller has to make a claim they must pay a deductible.●One of the most popular insurance companies in the area, USAA, has recently imposed a deductible as high as 1% of the homes value. That could mean 3-10K the seller has to come out of pocket if the roof is damaged by hail.●So I just sold a home where the seller had already given a price concession because they were tired of showing it. Then the roof was determined