INSPECTIONS

They occur after a purchase agreement has been signed. In most cases, the purchase agreement will contain a home inspection contingency.

A home inspection contingency allows the buyer to back out of the transaction after the home has been inspected by a professional if any serious issues arise.

Home inspections are not a requirement everywhere, but are HIGHLY encouraged.

What Happens If There Are Issues To Resolve

inspector to come out and survey the property. Your real estate agent typically has recommendations for who to reach out to.

The home inspector will be looking for anything out of the ordinary. They will examine the structure of the home, plumbing, electrical, appliances, roof, garage, exterior, and ventilation systems. Their report following the visit will let you know if there are any issues.

A home inspection will run somewhere between $300-500, depending on location.

Work with your realtor to decide how you want to deal with them. A few common solutions are...

Lower the sales price to accommodate for cost to fix issues found

Fix the issues prior to closing

Provide credit toward the buyer’s closing costs

You and your agent will put into writing what needs to be fixed, how you want it to be handled, and present to the seller. The seller will then agree to the terms or disagree and provide a counteroffer.

As mentioned earlier, if there is a home inspection contingency in the purchase agreement, the buyer is able to back out if something major is found.