matter if the house recently had all the municipal inspections by the builder. In South Carolina the buyer’s agent organizes the inspection process by scheduling the inspection, working with the buyer on the repair requests, negotiating the repair list with the seller’s agent, and checking if the repairs are done before closing. 4. Have a Pest Inspection The best approach is to hire a licensed pest inspection company. They’ll check your future property for contamination by flies, mosquitoes, cockroaches, fleas, rats, mice, bedbugs, termites, beetles, carpenter bees, ants, and other types of pests. There’s no need to explain how much harm even a small number of termites can do. These issues will lead to major repair expenses and even health issues. The presence of any kind of contamination is a subject of renegotiation of terms, or a reason to rethink the deal completely. In South Carolina, the pest inspection is mandatory and will be ordered and paid for about 10 - 14 days before closing, 5. Fix All the Issues after the Inspections If the inspections revealed any problems, you may want to ask for a price adjustment to cover the cost of repair or ask the seller to fix the problems. Some inspectors will recommend you to look deeper into the issue or ask for a second opinion or evaluate it further with a specialist. This is a very critical situation in the homebuying process. The seller is usually not very motivated to do any repairs, and the buyer wants everything in good working order. The purchase contract is not very clear about what does and doesn’t need to be repaired, so an experienced buyer's agent is very helpful in negotiating the Title insurance is needed to eliminate potential loss by third- party ownership on the property that you’re buying. Title insurance protects real estate owners and lenders against loss or damage due to liens, encumbrances, or defects in the title. Each repairs on behalf of the buyer. 6. Title Search and Insurance
64
Powered by FlippingBook