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 if they have been remodeled or updated, they are still older homes, and things will come up in the 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. It is meant so that you, the buyer, will know more about the property. If something major comes up in the inspection report that you feel is too much for you to take on, this is another story. By major, I mean a cracked sewer line, a crumbling foundation, a leaking roof, or knob and tube wiring, even though the knob and tube wiring are not as major as it may sound 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. With this being said, if you expect a seller to fix every single item that came upon the home inspection, you will turn the seller off, and they may decide to move on to one of the other buyers that are waiting in line right behind you.
If this sounds too scary for you, then looking into buying a condo or townhome may 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.