In California, buyers have the option of waiving the appraisal and home inspection or completing them within a specified time. Real estate agents recommend a home inspection for the buyer’s peace of mind. lenders generally require a home appraisal as a condition of financing. The sales contract dictates who pays these fees and how.
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The buyer usually pays for the home inspection. However, on making an offer, some insist the seller pays. So that’s an item for negotiation.
Matt Driscoll: It makes my stomach cringe.’ Don’t waive your home inspection, real estate agents warn – He says he started using them in the housing boom years of 2005 and 2006, and – if done smartly – he says it can pay dividends for buyers and sellers in today’s market. A buyer should never, ever.
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Home Inspections Before You Buy – FindLaw – Home inspections before you buy a house, are important for helping to disclose issues that may detract from the home’s value. Learn about this and more at FindLaw’s Buying a Home section.
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Home Inspection: What to Expect | How to Find a Home Inspector – It’s Your Job to Check the inspector. home inspection contingencies require you to complete the inspection within a certain period of time after the offer is accepted – normally five to seven days – so you’re on a set timetable. A good home inspector will provide.
Who Pays Closing Costs When You Buy a Home? — The Motley Fool – Closing costs can be a heavy burden, but you don’t necessarily have to pay them when buying a home. Who Pays Closing Costs When You Buy a Home? — The Motley Fool
MAKE OFFER ON AS-IS HOUSE CONTINGENT ON AN INSPECTION – Purchase contracts often specify the deposit is to be increased upon the buyer’s removal of contingencies, such as the mortgage appraisal and a professional inspection. WHO PAYS BUYERS AGENT? Q: You.
Who Pays for Termite Inspections & What Treatment Costs – As with most things, this point is negotiable so buyers should be prepared to ask for a contingency stating the seller pays for a termite inspection, treatment, or both – even on an as-is sale. Another option is for the buyer to pay for it themselves, but if the seller.