Name: Calibre Commercial Inspections
Address: 10400 Overland Road, Ste 250, Boise, ID, 83709, US
Telephone: +1-208-305-6245

Why it matters

Buyers use cost-to-cure figures to ask for price reductions, seller credits or repairs before closing. Brokers and lenders use them to test whether reserves are adequate. The figures are estimates, not contractor bids.

Source: store.astm.org

Where we discuss it

Immediate Repairs vs. Replacement Reserves in a Property Condition Assessment

Related terms

Opinion of Probable Cost (OPC): An opinion of probable cost is a preliminary, order-of-magnitude budget estimate of the cost to remedy a physical deficiency, based on professional judgment rather than a contractor bid.
Immediate Repairs: Immediate repairs are corrections to physical deficiencies that need prompt action because of an imminent life-safety issue, likely system failure or cost escalation, or recorded building or fire code violations.
Deferred Maintenance: Deferred maintenance is physical deficiencies that could have been remedied with routine maintenance or similar action, but were left undone.
Short-Term Repairs: Short-term repairs are remedies for physical deficiencies that do not require immediate attention but should be done on a priority basis, according to ASTM E2018 short-term costs.

Full glossary

Cost to Cure

Why it matters

Where we discuss it

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