What can I do if the FSBO home needs a repair?
If your inspector finds a problem with your new home, you have these options:
● Ask the seller to fix the problem. You can ask the seller to fix the problem at their expense before buying the home. This is the easiest solution for buyers, but you can’t guarantee that the seller won’t choose a subpar contractor.
● Ask for a credit to fix the problem. You can ask the seller to credit you for the cost of repairs after closing. This ensures that you can choose the contractor, but you may have a more difficult time convincing a seller to agree to a repair bill if they don’t know the cost ahead of time.
● Ask for a reduction in sale price. You might convince the seller to lower the home’s asking price so you’ll have money to make the repairs yourself.
● Cancel the sale. If the problem is severe and you can’t reach a solution with the seller, you can always cancel the sale.
Make sure to consult your real estate professional for help in figuring out how to navigate any inspection problems that arise.