Can I have the seller pay for repairs on a home?

Buying a home can be a highly emotional, stressful process. It can also be expensive. Purchasing a home is one of the biggest investments a person can make. When you purchase an older home, there is a good chance it will need some repairs. When the home inspection occurs, the inspector may find that the property needs issues addressed, such as a new septic tank or a mold issue. These are significant problems that can break a deal.

However, it is important to be aware that although the buyer is allowed to request that the seller pays for repairs, the seller is not legally obligated to agree to this request. The seller’s willingness to pay for repairs generally has a lot to do with how quickly they want to sell the home. They may be in no rush at all or they may have to move to their new home by a certain date and are feeling the pressure of the clock. Whatever the case, it is the right of the buyer to walk away if the home inspector finds major issues and the seller unresponsive to the request for repair. When the stakes are high, it is important to have an excellent real estate attorney.

If you have questions about negotiating with a seller in a real estate transaction, contact an experienced real estate attorney today.

Joseph Gachko, Esq. is an experienced New Jersey attorney who can assist you in any of your estate or real estate-related legal matters. If you require legal counsel for your real estate matters, please contact The Law Office of Joseph Gachko today to set up a consultation.