Step #11. Inspection Time
Once the offer has been accepted and you are under contract, there are many steps that have to take place to get to the closing table. The first step is to have any and all inspections that are needed for the home. As the seller, the buyer will have your home inspected and just like when you have the inspections done on the home you are buying, you will not want to be there when the buyer is onsite with their inspector. This is where having an experienced Realtor® can save you thousands of dollars. Some of the inspections the buyer may have and you will want for your new home are a general home inspection, a termite inspection, a radon inspection, a mold inspection, a roof inspection, a soil test, a septic tank, pool and spa, HVAC, structural, and survey. Of course, not all of these are needed but your Realtor® will advise you accordingly. ***I'm buying a new construction home so do I need these inspections? A resounding YES! Just because the home is new doesn't mean the builder followed all the building codes. Your Realtor® will advise you to have the home inspected and the builder will tell you when they will allow it. Don't let the builder bully you into not having the inspections. That would be a red flag for me. On that note, I often see onsite agents telling buyers they don't need an agent. This would be another red flag for me. That agent represents the builder and only the builder and guess who the contract favors? You got it, the builder, 98% of the time. So why wouldn't you have someone representing your best interests? Step #12: Negotiating with the Seller or Buyer Again Over any Repair Resolutions Once again you will enter into negotiations with the seller or buyer over any repairs that the inspector has found are needed. Sometimes both parties will agree to settle on a dollar amount
53
Powered by FlippingBook