After being in the real estate industry for more than
35 years, there is still one question that people
ask me more often than any other question.
“What happens after the home inspection?”
Having a home inspection is one of the
most important conditions you should include in your
offer. The other important condition is financing.
These conditions usually take 3-4 business days.
Both conditions need a waiver to be submitted
after each condition has been met. This removes
the condition from the offer. If the condition is
not fulfilled, the offer dies, and you get your deposit back. However a Mutual Release must signed by
both the Buyer and the Seller.
You should hire a certified/registered home inspector. Your agent can probably provide you with a list of 2-3 good
inspectors you can call, or you can find one of your choice. The inspection normally lasts 2-3 hours depending on
the size of the home. The price varies too depending on size and the type of home.
There is a simple answer… you have four (4) options available to you… watch the video for the answers!
Review the Inspection Report with your agent to see which option is best for you. Remember, the House Inspection
is a condition it is not a firm deal unless you remove the condition. This is done by signing a Fulfilment of Condition,
a Waiver or through an Amendment, changing the terms of the Offer. The Amendment must be signed by both parties
and agree to the changes in the offer.
To look for information on buying or selling real estate, visit my website: www.niagarapropertiesonline.com
Visit my Facebook page https://www.facebook.com/gloriavalvasoriniagararealestate
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