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Old 02-02-2012, 11:09 AM
Location: NJ
17,578 posts, read 45,574,291 times
Reputation: 16261


Originally Posted by Bill Keegan View Post
Many sellers, when presented with clear & incontrovertible evidence of a known potential problem like this one, will be willing to help deal with correcting it. Not all, but many. I represented a buyer recently in a home purchase where the inspector pointed out that the breaker panel was one that was known to have problems, and presented a possible fire risk. The buyer, through the attorney letter dealing with the inspection, asked the seller to either repair or provide money for the buyer to repair the issue. We all expected a response similar to what you say yours would have been. Surprise...We learned that the seller had brought in an electrician to replace it the day after our inspector pointed it out, as she had not known it was an issue before and didn't want that risk to continue while she & her two kids lived in the house.
Of course it would all come down to the specifics of the deal and the people involved. Imagine my surprise when I sent over my inspection report on my last purchase and even though I only asked for a few of the items the report called out they actually took care of every single item on the report.

At the end of the day it would always comes down to money for me if push came to shove.
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