This is the phase where we try to learn everything about the house that we might object to and didn’t know when we made the offer. The seller and listing agent must disclose all material facts they currently know about the house and inclusions.
They will provide this information on the Seller’s Property Disclosure , Lead Based Paint Disclosure
and Square Footage Disclosure .
I’ll help you sort thru these documents to find important facts about the property.
You will want to hire a professional home inspector. This is the best $250-350 you can spend! The inspector will go through the house from top to bottom looking at all major systems (roof, plumbing, electric, furnace, water heater, etc.). Inspectors issue a report on the “health” of the house. Of course, you also have the right to inspect the home yourself.
Inspectors usually require payment at the time of service. This is one of the few things you will pay for prior to closing. Click here to obtain information on my favorite inspection company!
If the results of this research cause you to want to terminate the contract, you have the right to do so at your subjective discretion - unless you have otherwise waived the right to object. Of course, I wouldn’t recommend you waive this right!
I will help you schedule the inspection and will be happy to attend the inspection with you. Since the inspection can take up to 3 hours, most people choose to meet the inspector at the end of the inspection process. A good inspector will provide a typed report and take you back through the property, pointing out his or her findings.
Let me know if you have any questions regarding this important step!
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