Does a Seller have to make all the repairs listed under the Buyers Inspection Report?
The terms of the Contract will provide the answer. The Buyer should employ a licensed inspection company to inspect the property and prepare a written inspection report for the parties, and such report must be delivered to the Seller under the time guidelines set in the Contract. Once the Seller receives the inspection report, they are customarily obligated to make non-cosmetic repairs as set forth under the contract. Also, depending on the contract, the Seller may only have to make repairs up to a specific monetary limit and, if the repairs exceed that amount, the Contract will control the parties’ rights.
