We find the inspection process confusing – do we have to fix everything in the inspection report before we sell our home or just the repairs the buyer requested?
The home inspection report is the document from which your buyer works to make their repair requests of you. Some buyers will ask for everything and others will ask for only those items that they think are important. They may let some things go, for example, if they are planning on renovating an area and anticipate fixing those items as a part of the renovation.
Once you and your buyer agree on a list of repairs, these are memorialized on an addendum. It is that addendum, called a Change in Terms Addendum (“CTA”), from which you work when completing your repairs. You need not refer to the inspection again unless the CTA references it. You do, however, need to make sure that you do everything on the CTA exactly as specified, so be sure to read it carefully and provide a copy to your contractor(s). For example, if the CTA says that you will have GFCI outlets installed by a licensed electrician then you need to make sure you hire a licensed electrician, and not your favorite handyman, to make the repair! If the CTA says you must paint to match existing then you need to take a sample of the existing paint to the paint store and color match it – don’t rely on old paint in cans – paint fades with age and it won’t match. Be very careful to be sure you are complying with the terms of the CTA – if you do not, or if your contractor does not, your closing may be delayed or postponed until the work is done as specified. Along those lines, be sure to review your contactor’s work when complete and make sure that he actually did what you agreed to do on the CTA. If not, request that he return before it becomes a walk-through issue.
And of course, be sure to get paid receipts from all contractors, or if they have not been paid, notify the closing company so that they can be paid at closing. All repairs must be paid for before ownership changes hands so be sure to stay on top of your bills, and provide receipts to the buyers agent.
457 Maple Lane
Stately custom designed and built brick colonial on large flat and private lot in the heart of Edgeworth within easy walking distance to Sewickley Village shops and restaurants. Gleaming hardwood floors throughout most of the main and upper levels. Large rooms include large living room with wood-burning fireplace with gas starter, dining room, den (the ideal home office) and spacious kitchen open to large family room with wood-burning fireplace with gas starter. Wall of glass across the back of the home draws the outside in. Incredibly convenient main level laundry and attached garage. Large master suite with updated full bath. Lower level is unfinished and could easily be developed into a huge gameroom. Located in the acclaimed Quaker Valley School District! $695,000
607 Broad Street
Sewickley Village Living does not get any more central than this designer perfect fully remodeled Victorian. Just one block to the absolute center of the Village, easy walking distance to all Village amenities! Renovated from top to bottom with a trendy design aesthetic. Open concept floorplan. Hardwood floors unify the main and second level of the home. Beautiful white kitchen with granite tops ovens to dining room and family space. Sliding and french doors open from kitchen and family room onto newer deck. Convenient main level mudroom and powder room. Fully fenced back lawn area. Upstairs there are four bedrooms and three full baths. Upper level laundry machines offer great convenience. Incredible woodwork throughout, including stunning box beam ceiling in family room. $715,0006
REAL ESTATE SERVICES
401 Broad Street
Sewickley, PA 15143
Office: 412-741-2200 x238