Offer is mutually accepted. All parties signed. Escrow opened and earnest money deposited. Here comes the buyer’s home inspection. Home inspection contingency can be up to 10 days with additional inspection days to follow if the inspector calls out, specialized inspection such as structural inspection etc.
Home inspections have the power to bring buyers and sellers back to the negotiation table. Buyers have the control over the negotiations during inspection contingency. Most sellers are anxiously wait to hear from buyers about their inspections.
What would happen if we turned the table around? Seller gets a pre-listing inspection done and looks at the house from the eye of an inspector not the homeowners. Seller knows exactly what is right and what is wrong with the property. Seller fixes what they can effort the fix since cheaper to fix rather than giving cash to buyers to fix it later. This is the control and power Sellers will hold during the inspection contingency.
I advise homeowners to get their home inspection, roof inspection and pest inspection complete prior to listing their homes and be pro-active. Sellers will save money and time when they hold onto their own inspection report. Sellers will fill out their Form 17 Seller’s Disclosure Statement accurately, representing their property with full disclosure of status. What a clean and powerful way to control the sale as Sellers!
See Our List of Trusted Inspection Companies
For a copy of Form 17, Contact Us