<br><div><aside class="gnt_em gnt_em__fp gnt_em_vp__tp gnt_em__el" aria-label="Video - Hidden costs of buying a home: What you should know before putting down an offer"/><ul class="gnt_ar_sh"><li class="gnt_ar_sh_li">Home sellers fix-it budget has increased by 51% as buyers are no longer waiving contingencies.</li><li class="gnt_ar_sh_li">The average work order for repairs was $3,831 in September, compared to $2,537 in September 2021..</li><li class="gnt_ar_sh_li">Fix-it repair requests are up more than 100% compared to same time a year ago, said PunchListUSA.</li></ul><p class="gnt_ar_b_p">As more houses <a target="_blank" href="/story/money/personalfinance/real-estate/2022/09/21/unusual-decline-home-prices/10424917002/" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a"> remain on the market longer in the U.S.</a>, the fix-it budget for home sellers has seen a more than 50% spike in price in the past year, according to new data.</p><p class="gnt_ar_b_p">The average work order for repairs was around $3,831 in September, compared with $2,537 at the same time a year ago, said <a target="_blank" href="https://www.punchlistusa.com/resources/average-home-repairs-budget-increases-51-percent-year-over-year/" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">PunchListUSA</a><a target="_blank" href="https://www.punchlistusa.com/resources/7-repairs-to-prioritize-to-save-money/" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a"> , a Charleston, South Carolina-based property-tech inspection and repair company that operates in 14 major cities, including Atlanta, Dallas, Denver, Phoenix and Washington. </p><p class="gnt_ar_b_p">PunchListUSA's findings come from work orders generated from more than 26,000 estimates through its platform. Additionally, repair requests from home buyers are more than 100% higher compared with a year ago, the company said. That's because many <a target="_blank" href="/story/money/2022/04/12/housing-shortage-middle-class-real-estate/7060824001/" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">buyers were once willing to waive such contingencies, including certain home inspections, </a>as the demand for housing soared in uber-competitive markets, PunchListUSA Chief Financial Officer <a target="_blank" href="https://www.linkedin.com/in/markfkearns/" rel="noopener" data-t-l=":b|e|inline click|${u}" class="gnt_ar_b_a">Mark Kearns</a> told USA TODAY.</p><aside aria-label="advertisement" class="gnt_m gnt_x gnt_x__lbl gnt_x__al"/><p class="gnt_ar_b_p">"Owners making repairs to their homes at the buyer's request is almost becoming a requirement again," Kearns said. "We're witnessing the industry reversing course from a seller's market to a buyer's market."</p><p class="gnt_ar_b_p"><strong class="gnt_ar_b_al">Big Dip:</strong><a target="_blank" href="/story/money/personalfinance/real-estate/2022/09/21/unusual-decline-home-prices/10424917002/" rel="noopener" data-t-l=":b|e|spike click:6|${u}" class="gnt_ar_b_a">Home prices decline...</a></p></div> <style> .wrapper { text-align: center; } </style> <div class="wrapper"> <a class="button" href ="https://www.usatoday.com/story/money/2022/10/18/home-sellers-fix-it-budget-higher-housing-market/8207319001/">Read more <span>➤</span></a> </div>
