One of the final steps in selling your home is completing any repairs you agreed to during negotiations. These repairs are often a result of the buyer’s inspection report and are essential to ensuring a smooth closing process. Here’s how to handle agreed-upon repairs efficiently and effectively.
Why Completing Repairs Matters
1. Builds Trust with the Buyer
Following through on repair commitments demonstrates your integrity and reassures the buyer that you’re honoring the agreement.
2. Prevents Closing Delays
Unfinished repairs can stall the closing process or lead to further negotiations, potentially jeopardizing the sale.
3. Meets Contractual Obligations
Repair agreements are typically part of the purchase contract. Failing to complete them could result in legal or financial consequences.
Steps to Complete Agreed-Upon Repairs
1. Review the Repair Agreement
- Carefully read the list of agreed-upon repairs in the purchase contract.
- Clarify any vague items with your agent or the buyer’s agent to avoid misunderstandings.
2. Hire Qualified Professionals
- For major repairs, hire licensed contractors to ensure the work is done correctly and meets local codes.
- Obtain receipts and documentation for all repairs to share with the buyer.
3. Prioritize Repairs
- Focus on repairs that impact safety, functionality, or the buyer’s ability to secure financing.
- Address cosmetic issues if they were explicitly agreed upon.
4. Communicate with the Buyer
- Provide updates on the status of repairs to keep the buyer informed.
- Share proof of completion, such as photos, receipts, or contractor reports.
5. Schedule a Final Walkthrough
- The buyer will conduct a final walkthrough to confirm the repairs are complete.
- Ensure the home is clean and all agreed-upon work is finished before the walkthrough.
Common Repairs Buyers Request
- Fixing leaks or plumbing issues
- Addressing electrical problems
- Replacing broken windows or doors
- Repairing HVAC systems
- Resolving roof damage or leaks
- Fixing structural issues, such as cracks in the foundation
Tips for Completing Repairs Efficiently
- Start Early: Begin repairs as soon as the agreement is finalized to avoid last-minute rushes.
- Budget Wisely: Plan for repair costs and include them in your closing budget.
- Maintain Quality: Avoid cutting corners; ensure repairs meet professional standards.
Benefits of Completing Repairs
- Streamlined Closing: Eliminates obstacles that could delay the sale.
- Satisfied Buyer: Increases buyer confidence and reduces the likelihood of disputes.
- Stronger Negotiation Position: Demonstrates good faith and professionalism, which may help if further negotiations arise.
Final Thoughts
Completing repairs agreed upon during the sale is a vital step in closing your home transaction successfully. By addressing these repairs promptly and professionally, you’ll build trust with the buyer, meet contractual obligations, and pave the way for a smooth closing. Work with your agent to ensure all repairs are documented and completed to the buyer’s satisfaction.