![]() You found a great Listing agent to sell your home, then a Buyer submitted an offer that you accepted now that buyer has scheduled a home inspection. Is that a cost to the seller you ask? The answer is “no” the cost of a home inspection and pest inspection falls on the buyer in most transactions. The Seller’s Disclosure Statements you provided to the buyer is an indication, but not a guarantee, of the condition of the property. Although a residential home inspection is not legally required in Arizona here at Thomas Davis Group Realty we strongly recommend that all purchasers engage a competent residential home inspector and pest inspector to inspect the property and advise the purchaser as to its condition and as to the presence of any wood boring insects. A good home inspector should inspect the following areas of a home if accessable:
The AAR purchase contract contains an inspection contingency provision which allows the purchaser a reasonable length of time to secure these inspections. Purchasers should act diligently, however, because sellers typically agree to such contingency periods of not more than 10 days to after the purchase agreement has been negotiated to allow for these inspections. Should any of these inspections reveal conditions which were unforeseen or undisclosed during the negotiation of the purchase, purchasers have the right to ask the seller to remedy the problem, give the purchaser a credit for cost of resolving the problem or, in extreme cases, cancel the purchase contract. Pictures Credit to Matt Jenks Owner of First Step Home Inspectors
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Thomas Davis Group Realty
Thomas Davis Group Realty is a full service Real Estate Brokerage. Our Goal as a Company is to have customer service that is not just the best, but extraordinary! We follow on simple rule: Always give our customers more than what they expected. Archives
May 2015
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