Posts with tag 'inspections'

You've found a house, submitted an offer and the Seller has accepted it. Now what? In Northeast Florida, once you have a signed Purchase & Sale Agreement, a Buyer has a set period of time in which to perform their due diligence. This time, also known as the inspection period, is often 10 days but may be shorter or longer depending upon what was agreed upon in the sales contract.  During the due diligence period, a Buyer should do whatever inspections and research they deem important. Before the period ends, a Buyer may either cancel the contract and have their escrow deposit returned to them, or proceed with the transaction and risk losing their escrow deposit if they don't purchase the home.

Below are some things I encourage my customers to do as part of their due diligence.

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Update: Since this article was published, Sheri's inspections have been completed and the buyers of her home have requested one repair - there is a small area of wood rot on an exterior door frame. Sheri's contractor has taken care of it at a cost of less than $100. 

A customer I've been working with for some time, I'll call her 'Sheri, ' worked diligently to prepare her home for sale. She had been maintaining it well over the years and before listing it she called in outside help for things like window washing, pressure washing, refreshing the flower beds and touching up interior

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