Inspections You Should Require
Besides appraisal and
the inspection, you should also have a professional go through the house
and seek out potential problems. Of course, you will have inspected the
home, but you are not used to looking at some things that a professional
will find. Even if they are not things the seller is expected to repair,
at least you will have foreknowledge of any potential problems.
The seller will want
this inspection performed quickly, so that you can approve the results
and move forward with the purchase. Once you receive the inspection, you
will want to allow yourself sufficient time to review and approve the
report. If you do not approve the report, you may negotiate with the
sellers on which repairs should be performed and who should pay for those
repairs. Otherwise, you can cancel the purchase without penalty, provided
you have included timetables in your offer.