Making repairs when selling your home

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Sellers often make repairs to their home when they sell, either in the course of fixing up the home for sale or during the transaction if the buyers and sellers agree that the sellers will make repairs in exchange for the buyers removing their inspection contingency. It's natural to want to have repairs done for the lowest cost possible. Just make sure you hire people who are reputable and will stand by their work. HOUSE HUNTING TIP: Sellers often run into trouble when they hire people to do work based on a proposal issued by another contractor. Getting multiple bids is a good idea. Before hiring someone to do work, do a background check. Talk to other homeowners who've used the contractor to find out if they'd use the person again. Hiring a contractor who underbids the original proposal can end up costing you more. One seller thought he got a deal until the buyers hired the original contractor to inspect the job after it was finished. Some of the work had not been done or w...