Real Estate Transaction Addendum

Summary

When closing on a house, ensure the addendum specifies the sellers repair obligations, timelines, and any warranties. Its advisable to have a professional inspection before finalizing the deal. Reviewing the addendum with a real estate agent or legal professional can provide additional assurance.

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i am closing on a house and the seller agreed to replace sewage outlet pipe. they did but now a drain in basement is not draining. they added addendum so we can still close today but i wanted to make sure we are covered
Hey Demitri! When dealing with real estate transactions and addendums, it's important to ensure that the addendum clearly outlines the seller's obligations regarding the repairs. Here are a few points to consider:
- Ensure the addendum specifies the repair timeline and responsibilities.
- Confirm if there's a warranty for the repair work.
- Consider having a professional inspection before closing.
Have you had a chance to review the addendum with your real estate agent or a legal professional?