Do Property Repairs Have to Be Completed by the Seller Before Closing?

 

 

Video Summary

 

Do property repairs have to be completed by the seller before closing?  Usually these repairs arise as a result of an inspection by the buyer or they may possibly be as a result of a final walkthrough whenever there has been some kind of loss or something discovered about the property and the sellers agreed to make these repairs.  Ideally it would be great to have the repairs done prior to closing; however, there is some urgency so the repairs many times are not done before closing and how you handle that is you simply escrow the money or give the buyer an allowance for these repairs so that the closing can go through.  The buyer can take care of doing the repairs themselves and the seller is relieved of any kind of responsibility.

 

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