Nightmare Inspection Addendum: ‘Seller to Tighten Doorknobs, Dust Counters, etc.’
To the, oh, I dunno, 37 reasons why Buyers shouldn’t nitpick on the Inspection (it can cost them the deal, it jeopardizes Sellers’ good will (and assistance) post-closing, the scope of the inspection is supposed to be limited to material items, etc., etc.), add reason #38: anything on the Buyer’s list could very well have to be cleared by their lender prior to closing.
No matter how small.
Or dumb.
Lender CYA
So, a Buyer who insists on an Addendum requiring the Seller to do silly things like tighten doorknobs will likely have their loan approval held up until the appraiser verifies that the Seller has done just that.
Which, believe it or not, could then require the Seller to have to document that they did the repair(s), verify that any contractors were paid, etc.
As I said, some problems can — and should — be avoided.
See also, “The Difference Between a Home Inspection Addendum and a Repair List.”
