9. ! Can they ask? Absolutely. Broken Appliances. One sensible option for FHA 203(b) repair issues is the seller can deposit repair money into an approved escrow fund at closing. Bottom line: Buyers beware!! In any event, you should contact a knowledgeable real estate attorney for answers to any questions regarding who’s responsible for defects disclosed after closing. If the Agreement makes such repairs the responsibility of the Seller, we can pursue the Seller for the costs associated with the repairs. That may help you cover major repairs with a small deductible fee. For everything else, it’s up to the negotiations between the buyer and seller, and who pays for what depends on what is decided after the inspection report comes in. 8. State laws, including seller disclosure laws, are the only instance where a seller is obligated to pay for repairs after a home inspection. If any repairs sellers have agreed to correct you can rehire your home inspector to check on the work. Apart from those specific repairs designated by the state, or if there are specific repairs listed in the contract agreement, the seller is not obligated to pay for any repairs. 10. You’ll have to make the home available for inspections and appraisal, and you’ll need to complete any agreed-upon repairs to satisfy an inspection contingency. Tags: home inspection, home repairs, seller credits, seller credits for closing costs, seller credits to closing costs This entry was posted on Monday, March 2nd, 2020 at 8:49 am and is filed under Underwriting Rules.You can follow any responses to this entry through the RSS 2.0 feed. A: Possibly. You’ll have to gauge the situation to see if it’s worth it to push for the seller to pay for the repairs or if you should pay them yourself. But of course, buyers will insist to get the repairs done at your expense. The likelihood of the seller agreeing to pay for anything after closing however is slimmer than slim to none. Once you sign those documents at closing the home is yours and any repairs become your responsibility. The seller shall have the corrections completed, inspected, and approved no later than one week prior to the date of closing. Ask for receipts for all the work completed. The answer depends on a number of things, including but not limited to the length of time that has elapsed since closing, the terms of the contract under which the house was purchased, whether you inspected the house before closing, whether you hired a home inspection company to inspect it for you, before closing, whether the electric and plumbing were defective on the closing … As your closing day nears, you will schedule an appointment with the escrow or closing agent to sign the final documents. You can skip to the end and leave a response. Most Agreements of Purchase and Sale provide for all appliances in the property to be in “good working order” at the time of closing. 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