Besides
appraisal and the termite inspection, you should also have a professional
go through the house and seek out potential problems. Of course, you will
have inspected the home, but you are not used to looking at some things
that a professional will find. Even if they are not things the seller is
expected to repair, at least you will have foreknowledge of any potential
problems.
The seller
will want this inspection performed quickly, so that you can approve the
results and move forward with the purchase. Once you receive the
inspection, you will want to allow yourself sufficient time to review and
approve the report. If you do not approve the report, you may negotiate
with the sellers on which repairs should be performed and who should pay
for those repairs. Otherwise, you can cancel the purchase without penalty,
provided you have included timetables in your offer.
Allow a
maximum of ten to fifteen days to receive the report and five days to
review it.
