When purchasing a home, the first step is of course making an offer. Once that offer has been accepted and the sales contract has been executed, the option period begins. During this option period, a buyer should be advised to have a structural and mechanical inspection as well as a termite inspection. Your real estate agent should provide youwith a list of inspectors to choose from. These inspection services are paid for outside of closing directly to the service providers. Buyers need to plan on attending the home inspections so the inspector can show the buyer areas in need of repair.
BUYERS NEED TO KEEP IN MIND THAT INSPECTIONS ARE DONE FOR YOUR OWN KNOWLEDGE! Inspectionsshould not be done withthe expectation that a seller is going to fix every item on the inspection report. A buyer should be looking for high dollar repairs and safety issues, not a squeaky door that needs a spray of WD40! A seller may be willing to negotiate the costly repairs, such as foundation repairs, roof repairs, or major air conditoning or furnace repairs. A buyer can negotiate for the seller to complete the repairs prior to closing or a dollar amount can be given to the buyer in the form of a seller contribution towards closing costs or there can be a reduction in sales price. Bottom line: Don't go into inspections with the expectation that a seller is going to repair every item on the list. If their aren't any major repairs that come up, great! Don't ask the seller to spray that squeaky door just for the sake of it!
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