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| REAL ESTATE | ||
| . Common Inspection Questions |
![]() When should the inspections be done? As soon as possible! The Buy and Sell contract provides that all inspections be completed within a specific number of business days. Otherwise, the buyer will forfeit the opportunity. Can the inspection "kill" the deal? Certainly. The inspector will look for safety issues and estimate the condition and life expectancy of the home's various components. If not satisfied with the results, the buyer can give written notice of his/her intention to terminate the contract. It is not required to give an explanation. What inspections should be done? The most common inspections include the structure, electrical system, plumbing, heating, pest, radon, well, septic and survey. Buyers have also ordered inspections for mold, asbestos, swimming pools and barns and property survey. What other kind of inspections can the Buyer do? The inspection contingency does not limit the kind of inspections that can be performed. Buyer's have been known to check the schools, study the building and use restrictions, and inquire about criminal activity. Even cable and phone lines might be critical to Buyer who works from home. Where do I find the
inspectors? Who attends the
inspections? What should your agent do
at the inspection? What if the Buyer
doesn't initiate inspections? |
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