Multiple formal and informal inspections are standard during residential real estate transactions. Buyers and their real estate agents often conduct cursory inspections when attending open houses or private showings of the property.
Mortgage lenders generally require appraisals and inspections. The buyers also frequently walk through the property one last time before closing with their agents. That final walk-through is usually just a formality, but in some cases, buyers find new damage at the property. If this occurs, they need to address the matter with the seller before the closing.
Who is responsible for the damage?
Move-out damage is common, and most professional moving companies have insurance that can pay to replace cracked window panes or patch holes in the walls. Those insurance policies can pay for any new damage caused by moving.
Unfortunately, sellers may have hired budget movers or relied on the volunteer services of friends and family when they vacated the premises. In that scenario, the seller may need to help cover the cost of the move-out damage.
If they refuse to do so, then the buyers may need to look into their options. Litigation to recoup repair costs could be a possibility in some cases. Canceling or delaying the closing to renegotiate with the seller could also be possible, provided that the initial agreement includes contingencies that protect the buyer’s earnest money.
Frustrated buyers dealing with unexpected last-minute damage may need help with the resulting real estate dispute. Having experienced legal guidance can make negotiations with the seller easier and can help buyers understand their options for addressing move-out damage.
