Inspection

Traditionally, this is a buyer's expense, but everything's negotiable, and who pays for the inspection should be spelled out in the purchase agreement. Buyers normally make all the arrangements for the inspection, any your Realtor should contact you with a potential time for inspection. Depending on the size of your home, an inspection can take anywhere from 1-5 hours.

Once the inspection is completed, the Inspector will supply a report to the buyers. At that time, the buyer's have the right to request the seller's to repair any "defects". The definition of a "defect" is normally spelled out in the original purchase agreement…..but check with your Realtor, first.

At this point, the seller's have the right to:

1. Accept.
2. Reject.
3. Counter

The Inspection Repair Request

Again, the first two are easy. However, if you decide to counter the Inspection Repair Request, your Realtor has a form for that, too. The ping-ponging begins again until everyone agrees upon what will or will not be repaired.

Most of the time, when you get past inspections, the rest is smooth sailing. Additional inspections that you may have to deal with are:

1. Soil
2. Water
3. Septic
4. Mold
5. Radon
6. Lead Based Paint
7. Pool or other specialty items.

In most cases, the seller's normally pay for soil, water, and septic inspections, but again……everything reverts back to the purchase agreement, and that's negotiable.
Finally, the day has come where you proceed to..... .. page 8 of 9