Step 16: Inspection + Investigations
Inspection + Investigations
Homebuyers have 10 days to conduct their home inspection and any other inspections or investigations they’d like to do. This is where they will do their due diligence. The home inspection will normally be done 3-7 days after an accepted contract.
The buyer will schedule the home inspection and their Realtor® will confirm if the day and time works for you.
Here's an article on 22 ways to prepare for a home inspection.
Sellers are not required to leave their home for the home inspection; however, it is NOT recommended that they are present.
Inspections can take 3-4 hours depending on the size and age of the home. If the home is larger or older, it can take more time to inspect.
Once the inspection is done, it can take a day or 2 for the report to be finalized, and then the buyer and their Realtor® need time to review.
The buyer can then decide to move forward, propose remedies for any items found on the home inspection or other investigations, or they can terminate the contract without penalty.
If the buyer used the West Michigan Regional Purchase Agreement and decides to put a proposal together based on their findings, this opens the contract up for negotiation and you can decide to accept the proposed terms, negotiate, or terminate the contract without penalty.
Any agreed-upon repairs will need to be finalized before closing.
Ready to connect? Reach out! I look forward to helping you on this journey!
Monique Hanson is a REALTOR® serving the greater West Michigan area. Monique helps people buy and sell homes in Kent, Muskegon, and Ottawa Counties. You can contact Monique by calling or texting 616-805-9177 or emailing hello@moniquehanson.com.