Step 16: The Home Inspection

 

The buyer will schedule the inspection, and his/her Realtor will schedule the inspection through Centralized Showing Services, and you will confirm or decline via text.  Most inspectors do not work evenings or weekends so usually the inspection takes place during a weekday.   It’s essential that the home inspection occur quickly as it often takes the inspector 1-2 days to write the report after the inspection.

Sellers should not be present for the home inspection. Instead, it’s a time for the buyer and the buyer’s Realtor to be alone in the property with the inspector.

For condos, plan to be gone for 2 hours.  For single-family homes, the inspection can take 3 – 4 hours depending on the size of the house.  The home should look just like it did for the showings with beds made, dishes put away, pets out of the home, etc.

After the inspection, the inspector will write the report. This usually takes 1 – 2 days.  Then the buyer will need to review the report, and either the buyer’s Realtor or attorney will ask us for any credits or repairs the buyer wants via a Buyer’s Inspection Response.

We’ll then negotiate these items back and forth with a Seller’s Inspection Response, and, hopefully, come to an agreement.   If significant problems are found during the inspection, the buyer does have the right to walk away from the deal, and the earnest money will be returned to him/her.  Otherwise, if we’re able to come to an agreement, we’ll keep moving forward.

Any agreed upon repairs need to be completed a week before the final walk-through which usually occurs the day before or day of closing and receipts need to be provided to the buyer showing the required work was completed and paid for in full before the walkthrough.

 

 

Have any questions?

Call or text: 317.413.1360

Email me: LeeAnnBalta@C21Scheetz.com

 

Posted on November 24, 2018 at 2:50 am
Lee Ann Balta | Category: Seller Step by Step

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