I love the place, now you make those repairs!

(Flickr photo by MadLabUK)

As the saying goes, no one is perfect.  Nor is any home, new or previously occupied.

There’s always something that needs to be fixed.  The question is who will make the repairs.

In negotiating the sale of a residential property, buyers often cite defects as a way to get the price reduced.

However, buyers can get into trouble by asking the seller to take care of the repairs or replace items such as an ancient dishwasher.  Bad idea.

Sellers are not necessarily evil, but they certainly have an interest in minimizing the cost.  So most are going to cut corners.

Cutting corners can mean using low-quality materials, unprofessional labor and unapproved improvements.  It also could amount to second-hand replacements.

It is not beyond the pale for a shady seller to try to pull the wool over your or your inspector’s eyes by only seeming to have fixed what was broken.

The situation that a bankrate.com columnist discusses is somewhat different from the one I am considering here, but it got me thinking.  I hope it gets buyers who read this thinking as well.

Tomorrow: Weekly Roundup

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

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