You have been searching for a home in North Park for a long time and finally got your offer accepted. Now what? You’re probably asking yourself, what to expect a seller to fix? Hopefully, you are working with an experienced Buyers Agent that has sold more than just a few homes in the area. Most of the homes in North Park are older, built in the early 1900s. Even with remodeling or updates, older homes often have issues that will surface during a home inspection.
This depends on what type of market we are in. Are we in a buyers market or a seller’s market? We are currently in a seller’s market; so, depending on how many offers the seller received on their property, don’t expect that you will receive much. Also, the home inspection is not meant for the buyer to ask the seller to fix things. This process ensures that you, the buyer, gain a clear understanding of the property. If the inspection report reveals a major issue that feels overwhelming, it’s a different situation. Major issues include a cracked sewer line, a crumbling foundation, a leaking roof, or knob and tube wiring—though knob and tube wiring may not be as serious as it sounds to many.
What Should You Expect the Seller to Fix?
If any of these items do come up in the home inspection, it is not the end of the world. Having an experienced buyer’s agent negotiating repairs after the home inspection has been completed is crucial. With the word “experienced,” I mean a Realtor experienced with selling older homes in the North Park, South Park, and the surrounding urban neighborhoods in San Diego. Selling newer homes in San Diego County is completely different. That is more streamlined.
Your Realtor should be able to negotiate with the large ticket items. Expecting a seller to fix every single item from the home inspection can easily turn them off. This approach may prompt the seller to move on to another buyer waiting in line behind you.
If this feels overwhelming, consider buying a condo or townhome, which might be a better fit for you right now. It is a way to get into the Real Estate Market in San Diego, especially North Park, and get comfortable with being a homeowner. By owning a condo or townhome, when something goes wrong with the property, you are not the only one that is responsible. You will have a Home Owners Association that will step in, evaluate the issue, and take care of it.
If you are thinking of buying a home in the North Park, South Park, or other parts of the Urban Neighborhoods in San Diego, contact the McT Real Estate Group. We are the local Real Estate Agents In San Diego’s Metro Neighborhoods. Feel free to read our reviews and see what our clients say about us.