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First Time Buyers >The Perfect House

Home buyers must often deal with deferred maintenance or repairs. For example, you may have found a terrific house and like many competent home buyers, you included a structural inspection contingency in your purchase agreement. What happens when you find out that your "perfect" house needs some work? Do you ask the sellers to pay for the repairs? Before you answer "yes", there are some important considerations.

Some contracts require that all of the home's systems, such as plumbing, heating, electrical and central air conditioning, be in working order. In this case, the sellers may be obligated to repair any problems with these systems. Leaky roofs, damp basements, or other structural problems may not be covered, however. If you ask the sellers to make these types of repairs, you may void the contract by doing so. The sellers might prefer to negotiate the repairs to keep from losing the sale. If there are other buyers waiting in the wings with back-up contracts, you run the risk of losing the home.

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Q	What is the average age range of a second-home buyer in the United States?
A	Currently, second-home buyers in America are most often between 41 and 44 years of age.
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Susan Hansford, REALTOR®, real estate agent and broker for Chattanooga, East Brainerd and Ooltewah, Tennessee home listings, property and land for sale - NUMBER1EXPERT(tm)

Susan Hansford
Keller Williams Realty
1200 Premier Drive, Suite 140
Chattanooga, TN 37421
423-595-0333
Fax: 423-826-4897
susanhansford@NUMBER1EXPERT.com

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