Should I Get Inspections Done Prior to Listing My Home

What are contingencies it's where a buyer has made an offer on a home and the seller has accepted it? But the finalized sale is contingent upon certain criteria being met. These criteria or contingencies typically fall under four major categories, appraisal loan, approval inspections, and reports and disclosures. The buyer has time to do their due diligence in all of these areas. In regards to inspections in our area, the typical inspections are home inspections and termite inspections. And if your home has septic or a well expect for inspections to be done on those as well, depending on where you live, the buyer may want to have other inspections like mold their H V a C soil, et cetera. It depends on what is customary due to problems or issues that typically arise in that area. In regards to reports, those encompass full disclosure on both inside and outside of anything and everything to do with that home, watch the disclosure video to see what you should disclose in regards to reports.

There are also the title and escrow reports, state, and local reports, and disclosures that the buyer has time to review. During the contingency timeframe. The contingency timeframe is agreed upon in the initial contract and in most cases is around seven to 17 days, but in some cases, you have no contingencies. If the buyer wrote a really aggressive offer in California, once you remove your contingencies, your deposit is at risk. So be sure not to remove them until you know that you're okay with all the aspects of the new home. You can ask for an extension if you need more time and the seller would have to agree. The good news is that once all contingencies are removed, you have much more assurance that the home will close. Again. This is Dustin with the sharp homes team AND eXp Realty until next time I'll talk to you soon.