Asked by: Aranzazu Kartushinasked in category: General Last Updated: 15th April, 2020
Is the seller responsible for any repairs after closing?
Correspondingly, can seller make repairs after closing?
Repairs can be made before or after closing but if the seller makes the repairs before closing, the buyer should take the home inspector back for a recheck as soon as possible. However, there are some scenarios where repairs can be made after closing.
Similarly, who is responsible for repairs after exchange of contracts? The vendor or seller has no legal or contractual obligation to insure the property between exchange and completion. This means that from minor damage, to a major disaster at the property, the buyer is responsible for the cost of repairs from the moment exchange has occurred.
Also to know, are sellers liable after closing?
To hold a seller responsible for repairs after the closing, a buyer must prove that the seller withheld material facts about the home's condition. A seller is unlikely to be held liable for repairs after the close of escrow if the seller disclosed all known defects to the buyer.
What happens if seller does not make repairs before closing?
If the seller didn't do repairs, yes you can refuse to close. You also need to look at what you lose if you don't close. If you actually don't close, you lose all your inspection money, appraisal money, and any money you put into the transaction.