Buyer's Inspections

Property Condition options of your contract may include one or more of the following:

• Buyer accepts property "as-is";
• Buyer will conduct desired inspections; or
• Buyer accepts "as is" if Seller will make certain repairs.

Most Buyers will want the house inspected, and will (and should) have second thoughts if a Seller attempts to sell the house while forbidding any inspections, unless there are special circumstances. Most lending institutions also require inspections before they will make a loan to the prospective Buyer. Option two will therefore most likely be used in all home sales. Typical inspections include pest (termite) inspection, moisture inspection and contractor inspection with a home inspection company (includes electrical, plumbing, heating systems, roof inspection, swimming pool inspection, and foundation inspection).

If the Buyer's inspections reveal various defects, the parties are free to re-negotiate the Contract, for example lowering the sale price in order to allow for future fixes that will be necessary, or having the Seller agree to fix defects prior to the sale.