FAQ: Buying a Home with Repair Issues
"We’ve found a home we really like, but it has a few minor repair issues. Are these issues something we should be concerned about and should we ask the seller to make these repairs?"
In an ideal world, the home you’d like to buy would be in pristine condition with everything working perfectly, but unfortunately that’s usually not the case, especially with older homes or homes that have had several owners over the years. That being said, it’s perfectly okay to be a little leery over repair issues. Buying a home is a big investment and you want to make sure you don’t regret your purchase later on down the road.
To alleviate some of your concerns, talk to your real estate agent about the repair issues and make sure you have a thorough home inspection done by a reputable home inspector. Often, minor repair issues are just that—small problems that can be easily fixed. As for asking the seller to make the repairs, that’s perfectly acceptable (and quite common) and you can have your offer contingent on having these repairs completed. If the repairs are indeed minor, most sellers will gladly have them taken care of in order to get their home sold. After all, you and the seller have the same goal—to have the sale go through—so don’t be afraid to ask the seller to make the needed repairs.
For more than 25 years, Omega Financial has been serving mortgage clients in Massachusetts. Our brokers have approximately 50 years in the mortgage business. You always will receive fast, courteous, and accurate information. Omega Financial, Inc. is a company duly licensed to operate in Massachusetts as a Mortgage Brokerage. We are located in the Town of Norwood, Massachusetts where we have been operating as Omega Financial Incorporated since 1988. Licensed by the Commissioner of Banks - License No. MB2671