What happens when the inspection turns up repairs needed to the property? Who fixes them? Who pays for them?\
Sally, from the West Loop

So you’ve had your inspection and there are some problems. It happens. So now what? There are a couple ways to handle any issues. One, the seller makes the repairs before closing. Or two, the seller gives the buyer a mutually agreed upon credit at closing for the necessary repairs and the buyer makes the repairs. And three, a combination of one and two. While the seller pays for the repairs, how the repairs are completed largely depends on the participants in the transaction, and what needs to be done.

Rebecca Siffel