Once we get an accepted offer, the time for the inspections and disclosures begins!
All offers can differ so the basics are as follows:
Within a defined period of time, the buyer must complete any and all inspections that they wish to perform, and sign off the coinciding contingencies.
The seller must also within a certain time frame provide the buyer with all documents required to close. Upon receipt of these papers, the buyer has time to approve of them, or make necessary calls, questions, etc.
One of the most important inspections that a
buyer is responsible for, and we definitely recommend,
is the Home Inspection. This is where an independent,
and qualified, individual takes time to go through
the major features of the home to look for potential
problems.
The inspector should take time to go through
the electrical system, plumbing, structural, roof,
exterior, and other areas of the home. Their job
is to locate the problems, and point them out.
Once we review the report, sometimes we will
make a "Buyer's Request for Repairs" where we
ask for the seller to make repairs to the items
found in the report. The Seller can then respond
to the request a number of ways including: Making
the repairs, negotiating the requested repairs,
or, sometimes they even offer a monitary amount
to cover the costs and then the buyer can make
the repairs on their own. The seller may also
decide that they are not willing to make the repairs,
making it the buyer's option in many cases to
purchase the home anyway, or not.
We will be present at all of the inspections
necessary, and will advise you as needed!
The seller is also responsible for other inspections
if applicable, such as, Septic, Well, Etc. We
make sure that these are all taken care of! |