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When buying a new house, who pays for what the inspector finds? Buyer or seller?

My DH and I are looking into getting this house soon. The thing is, is that it hasn't been lived in for 2 years (you can imagine how dirty it is, all flooring needs replaced, there are no appliances since it's foreclosed, and there are some light fixtures that are missing). We will have to get an insptector to come out. So we were talking last night and we were wondering, does the seller have to fix any problems that the inspector finds or would that be our responsibility? Sorry if this is a stupid question, it's our first house. Thanks!

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Aingls

Asked by Aingls at 8:20 AM on Mar. 28, 2009 in Home & Garden

Level 12 (798 Credits)
Answers (4)
  • Usually if there is a homeowner involved sometimes you can negociate that way but since it is forclosed on i would assume that it would be your responsibility. If it is forclosed on you can probably go way down on your price you offer too which might help in some of the repairs, etc. Not to sure with the markets the way they are today. Everything has changed.
    sji1976

    Answer by sji1976 at 8:34 AM on Mar. 28, 2009

  • When we got our house inspected thankfully there wasn't anything major wrong with it so the seller did not have to fix things, but on the separate termite inspection(it isn't convered in regular inspection) there was some damage that the seller had to fix. When we were selling our house the inspecter said the roof needed to be fixed and there was some mold(not black mold) and the buyers demanded that we pay for it, since the house was being sold as-is we said no, but agreed to pay half if they could close that week. So to be honest I think it depends on if it is as-is and what the actual damage is. You can ask for a drop in price if they will not fix certain things.
    Anonymous

    Answer by Anonymous at 8:35 AM on Mar. 28, 2009

  • you should have the house inspector to inspect your house before you even agree to buy it. You can talk with the house owner about the findings, you either have them to fix it up or they have to reduce the price of the house for you . It is just between you and the house owner/.
    yoshiki56

    Answer by yoshiki56 at 9:12 AM on Mar. 28, 2009

  • Typically a forclosed home is sold as is, and banks will not pay for any repairs.
    You may be able to negotiate on the price though with these findings, but beware
    you need to have a realtor working for you to make sure all details are worked out to your benefit.
    tuesday10

    Answer by tuesday10 at 10:27 AM on Mar. 28, 2009

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