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Updated almost 8 years ago on . Most recent reply

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Joshua Maisel
  • Rental Property Investor
  • Wilmington, DE
2
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22
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Seller didn't complete repairs by Close Date. WHAT ARE MY OPTIONS

Joshua Maisel
  • Rental Property Investor
  • Wilmington, DE
Posted

Hi All,

Coming down to the last day before my closing (4/27/2017) and just got off the phone with my realtor telling me the seller will not be able to complete the AGREED upon repairs by the closing date.  I should mention that the seller made the repairs originally himself even though the contract states repairs must be made by a Licensed Professional, he obviously is not.  I found out he did them himself when I sent in my contractor after the repairs were made.  The listing agent and seller then agreed to make the repairs again with a licensed contractor per the contract.  I now found out that they wont be made and they want to offer me a check for the cost of repairs at closing.  My question is can I ask for more money for repairs or walk away?  The seller is in a bad situation and needs to sell.  My reasoning for asking for more money for repairs is that I was incredibly nice in only asking for 3 out of 8 needed repairs per my inspection and then played around with.  Someone please let me know if I have a leg to stand on here and what actions you would take!  Thank you so much.  

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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
10,047
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7,341
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Mindy Jensen
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorReplied

@Joshua Maisel , I always prefer a check to the seller completing repairs for this exact reason - you don't know who is doing them or if they are even being done.

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