Once the offer has been accepted, the next step, is for the the home to be inspected. Generally, there is a clause in the Purchase and Sale Agreement which allows the buyer to have the home inspected during a mutually agreed upon time period which is generally 10 days from contract execution. The cost of the inspection is the responsibility of the buyer as the inspection report benefits only the buyer. The seller does not receive a copy of the written inspection report as it goes directly to the buyer within 24-48 hours of the inspection being completed. It is not necessary for the seller to be at home during the inspection which typically takes between 2-3 hours. It is not only not necessary for the seller to be at the inspection but preferred as most buyers feel uncomfortable with the seller being home for the inspection.
As as seller, you want to ensure that the inspection does not uncover any major or other issues which could cause the buyer to walk away for the deal. The Agreement allows for buyer to cancel the agreement during the inspection period without penalty. Buyer could also ask for seller to renegotiate the purchase price or make the repairs or other upgrades needed as outlined in the inspection report.
As background, the standard home inspection is a primarily visual examination of the visible and accessible components of the home’s heating system, central air conditioning, interior plumbing and electrical systems in addition to the roof, attic and visible insulation, walls, ceilings, floors, windows and doors, basement and the foundation.
To prepare for a home inspection, sellers should do the following:
1.) Clean the house.
2.) Leave the utilities connected and pilot lights on.
3.) Make sure that electrical sockets, light fixtures, switches and fans work.
4.) Confirm smoke and carbon monoxide detectors operate.
5.) Check that faucets and toilets run properly and don’t leak.
6.) Clean stove and oven so they won’t smoke and set off alarm when tested.
7.) Verify doors and windows open/close and all hardware works.
8.) Clear obstructions around furnace, water heaters and attic access.
9.) Leave keys for any outbuildings and exterior electrical boxes.
10.) Remove brush and debris from exterior inspection points.
11.) Gather documentation for renovations or repairs that have been made.
12.) Provide sketch showing location of any septic tank and well
13.) Have pets either restrained or away from the home.
By undertaking the above, you have put yourself in a much better position for the home to receive a clean inspection report. Should you have any questions on the above or have an interest in buying or selling real estate in South Florida and not currently working with an agent, I would welcome the opportunity to work with you. I can be reached on cell at (954) 547-9483 or via email at JayKenney@SFPropertyTeam.com.