By contrast, if an inspector notes that a water heater is nearing the end of its useful life, the seller can simply inform potential buyers to factor this eventual water heater replacement into their offer. If you take this route, the “as is” language in the offer has more teeth. No warranties or representations are made of any kind. My husband and I are in contract on an investment property as buyers, completed the inspection, and our agent submitted our repair requests timely. Office | 206-448-9600 Quantity. Now that the home buyers request (s) for repairs or modifications has been submitted to the home seller, it’s their turn to respond. In the state of California, any and all services that require being a licensed broker in California are performed by HomeBay Broker CA, Inc., CalBRE #01976154. If Seller checks the box: “Seller agrees to all of Buyer’s Requests,” then the Buyer should sign & date at the bottom of the RR and the process is complete. That’s all that’s written! The BINSR is an addendum to the Arizona Association of Realtors Residential Purchase Contract that allows, in an organized manner, the Buyer to request repairs and the Seller to respond. The seller gives the buyer a lump sum at closing to cover the cost of repairs, which the buyer agrees to carry out. Many real estate experts would argue that sellers can be damaged by a buyer’s delivery of an inspection report when it does not represent a seller’s home in a way that he/she would otherwise wish to have it described. When you find a home you want, it is important to pick your battles when it comes to repairs requested from a home inspection. Sellers: A buyers’ right to request secondary inspections is waived after they send a repair request. Buyers can get very nervous when faced with major repairs and the transaction may fall apart if the buyers feel there may be other issues if the maintenance isn’t handled by the seller. This decision is typically wise because it can be costly for sellers to begin marketing again and find a new buyer. The objective is to uncover defects in the home that may require a response from the seller â or, conversely, confirm thereâs nothing serious and give buyers peace of mind. Focus on asking for repairs that any reasonable buyer would request. Expect your request for any cosmetic or general maintenance request to be met with an unfavorable response from the seller. Managing broker is David Bezeau CalBRE# 01331414.Home Bay Technologies Inc. and its subsidiaries fully support the principles of the Fair Housing Act and the Equal Opportunity Act. Ask for a credit: The buyer may request a credit (also called a concession), in an amount that’s enough to cover the repairs. Armed with very little time to consider the Seller s response, the Purchaser will need to determine a course of action rashly, without ample time to consider the repercussions (losing the house vs. costs of repairs, time constraints, unexpected loss, etc.) Add to Cart. Note that it's not uncommon to provide a list of repairs on a separate attachment to the RR form if space is limited (simply check the box to indicate a list is attached, and cross reference the date on the list). _____ (Or other Corrective Action) (C.A.R. You can: Offer to handle all the repairs. The timeline can be extended, for example, should something more complex â like a sewer-line inspection â requires hiring a contractor to examine pipe from home to street. In fact, listing agents can incorporate language in the counteroffer that establishes a barrier between the seller and the buyerâs inspection report. Estate agent and buyer reply to request for repair buyer would request determine whether he/she wants to a! 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