When does a buyer have an opportunity to do a home inspection in the home buying process?

 A buyer typically has an opportunity to do a home inspection in the home buying process **after the seller has accepted their offer and before the sale closes**. This is known as the **inspection contingency**. The inspection contingency is a clause in the purchase agreement that gives the buyer the right to back out of the sale if the inspection reveals any major problems with the home.


The length of the inspection contingency period varies from state to state, but it is typically 7-10 days. During this time, the buyer is free to hire a qualified home inspector to inspect the property. The inspector will examine the home's structure, systems, and appliances for any defects or potential problems.


Once the inspection is complete, the inspector will provide the buyer with a written report. The report will detail any findings, as well as an estimate of the cost to repair any problems. The buyer can then use this information to negotiate with the seller on repairs or to walk away from the sale altogether.


Here is a timeline of the home buying process, with the home inspection contingency highlighted:


  1. The buyer makes an offer on a home.
  2. The seller accepts the offer.
  3. The buyer and seller sign a purchase agreement.
  4. The buyer schedules a home inspection.
  5. The home inspection occurs.
  6. The inspector provides the buyer with a written report.
  7. The buyer reviews the report and decides whether to proceed with the sale.
  8. If the buyer decides to proceed with the sale, they and the seller will negotiate on any repairs.
  9. Once repairs are agreed upon, the buyer will schedule a closing date.
  10. On the closing date, the buyer and seller will sign the final paperwork and the buyer will take possession of the home.


It is important to note that the inspection contingency is not mandatory. Buyers can choose to waive the inspection contingency, but this is generally not recommended. A home inspection is an important opportunity for buyers to learn about the condition of the home they are buying and to identify any potential problems before they close on the sale.


For more information about this and more regarding the wonderful world of real estate, then please visit https://linktr.ee/YourRealEstateAdvocate, call/text (501) 612-3838, or emailme@walterwashington.realtor


​Blessings to you and yours...


​​Walter Washington, REALTOR® at United Real Estate Central Arkansas

#​YourRealEstateAdvocate #CallOrText5016123838​

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