If our inspection reveals needed repairs, you’ll have the following options:
Provide OfferBee with a credit. Due to our volume and in-house resources, we’re able to keep required repair credits to a low and reasonable price point. To move forward with this option, you would sign an addendum to the contract. This solution means no money out of pocket, or work done by you. This is the most popular option by our sellers.
Make the repairs before closing. You can hire a licensed contractor to make all the required repairs before closing. OfferBee will provide you a list of required repairs, and it would be up to you to ensure all items are completed to current building codes. OfferBee will need proof of the work being completed, contractor name and license number, before and after pictures, receipts, and visible approval by OfferBee during the final walk-through.
Decline to make any requested repairs or issue a credit. OfferBee can then choose to cancel the contract or may determine that it still wants to move forward with the purchase of the home. If OfferBee elects to cancel the contract, there is no penalty to either party. Keep in mind, these repairs will most likely have to be addressed regardless if you sell to us or try to sell traditionally. A traditional buyer will typically want these same issues fixed (or credited) before they agree to purchase your home.
In some circumstances, the repairs required on a home may be significant and require substantial funds to complete or special expertise to manage. In these cases, rather than add unnecessary stress to our customers, we will offer the option of a credit only.