Is Is Good To Wait To Respond On Home Inspection
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- This opportunity, known as the inspection contingency period, is established for the home buyer to have a specified time period, generally 10 days unless otherwise agreed upon, in which they can conduct their overall assessment of the condition of the property.
- Oct 06, 2015 · Just seems strange to me not to respond fairly quickly no matter the decision. Sometimes the general home inspection results in the need to have a specialist (i.e. Roofer, plumber, electrician, etc.) come out and take a closer look. Also, they could be waiting for a test result.
- Jan 20, 2014 · In your Feb 4th 2014 reply: “All home inspectors should find every defect there is with a home after all that is their job. Älso: In your 25 Oct 2014 reply: “The segment of the population that knows how to prepare for a home inspection and carefully takes the time to rectify issues always comes out ahead in the long run.”
- Oct 13, 2020 · You might have to walk away after a home inspection, especially if you’re not able to negotiate important repairs, or if you’re selling and can’t make the repairs the buyer requests. Buyers have some leverage for negotiating repairs as long as they don’t start with an as-is contract (which simply allows them to walk away but doesn’t leave room for repairs).
- Sticking with the inspection theme from a previous posting, let’s look at the inspection from the Seller’s viewpoint in the form of a question and answer: Jay, I just received the inspection response you sent over from the buyers. However, there are over twenty-five things the buyer wants me to fix! Is this realistic? This […]
- Jul 29, 2020 · In a home sale, there are two types of home inspections: a buyer’s inspection and a seller’s inspection (or a pre-listing inspection). A buyer’s inspection occurs after the buyer has made an offer on the home, and before closing the sale.
- It depends. First, the inspection will only cover things the inspector can see without tearing down walls. The inspector won’t claim responsibility for problems that are truly hidden, unless they missed what should have been obvious signs of a potential hidden problem.
- One of the best things about the home inspection contingency in a purchase contract is that, in most contracts, it is a highly subjective contingency. In other words, the buyer most likely has the option to back out of the contract prior to the inspection deadline for nearly any reason: the house smells funny, it turns out that there isn’t a ...
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