Home inspections and the tax credit

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Real Estate Agent with RE/MAX The Producers

I have a seller who just recently had an offer and accepted on April 30th at 11:59 PM.  Yes, the buyer did cut it close on the tax credit.  Now I am hearing from my seller that if the inspector finds anything wrong with the home that they are not going to fix it.  He states that he if they do not like it, then I guess they will just miss out on the $8,000 credit.  I said this maybe true, but you will still need to disclose this on the disclosure statement.  I also reminded him that he is close to clsoing on his new construction home and that it is a risk that they would be taking by not cooperating to work any fixes that the buyer may ask for.

 

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Rainmaker
996,769
Joan Whitebook
Consumer Focused Real Estate Services
BHG The Masiello Group

Hope it all works out and that the inspection goes well.  Maybe the seller will realize that now any other potential buyer HAS missed the tax credit and therefore may be looking for a lower price or inspection items taken care of.  This position may not benefit the seller in the long run.

May 06, 2010 10:27 AM
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Rainer
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Shawn Murray

Omaha NE - 402-250-7869
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Shawn Murray on Zillow