Once there’s an accepted offer on a property, the next steps will be to process the home inspection and appraisal. For any maintenance or repair items that may come up, picking up the cost responsibility can fall on either the buyer or the seller.
Because both parties are now highly invested in the transaction, this is where strategic maneuvering is key. A seller on a time constraint may offer to pick up the tab for a quicker close. A buyer who is emotionally attached to this potential dream home may opt to come out of pocket for repairs in order to bolster their offer.
In the end, both parties can split the costs somewhere down the middle in order to keep up the momentum on both sides of the real estate deal.