Whether you are a first-time home seller or this is your third time selling a home, there are a few things the seller is responsible for before the new home buyers can close on their new home. As a new home buyer, you want to ensure that the house seller checks off a few boxes before packing up your moving boxes and moving all your things into your new home. If the seller does not check off the boxes needed for you to move into your new home, then you may want to halt the process for a while for those things to get done first.
So, what is the seller responsible for when selling a house?
Let’s dive deeper.
A home inspection is essential for many FL home buyers before buying a new home, although not required. However, if you request the seller to do a home inspection, that is one of the seller’s responsibilities. If, for some reason, the home inspector finds things that need to be fixed, then, depending on your contract, the home seller is required to fix those things before you move in, or you can ask that the price of the home be reduced due to repairs needed.
The seller of the home is responsible for their personal property. Being responsible for personal property means that you may have agreed to leave certain things in the house, like furniture, depending on your agreement with the buyer. If not, then it is the seller’s responsibility to take their personal belongings with them before the house’s new owner moves their things into the home.
If the home buyer is lending money to buy the home, the seller is responsible for a lender appraisal. A lender appraisal consists of a person coming to the seller’s house to make sure that the home is selling for its value, that way, they know that the home buyer is being lent the right amount of money. If the appraisal is less than what the seller is selling their home for, the seller is responsible for selling at a lower cost, challenging the appraisal, or asking the buyer to make up the difference.
Once the new home buyer has been approved and is ready to purchase their new home, the seller’s responsibility is to finalize the sale. Completing the sale includes going to their agent’s office and signing over the deed to their home, among many other documents. Once everything has been signed, and the new owner has released funds, they can move into their new home.
If you are a home buyer, it is essential to ensure that the home seller checks off everything before purchasing your home. Of course, as the home buyer, you have items that you will have to do on your end before purchasing the home. But, buying a new home is a big decision, and you want to make sure that you check every box before officially moving into your new home.