Negotiating a purchase agreement is just one step among many in the home-sale process. Before the transaction closes, buyers usually have the property inspected to check for defects. If inspection issues crop up, the contract can be subject to renegotiation, which can derail the transaction altogether. Real estate law and practice vary from one area to the next. Sometimes the buyers complete their inspections before they enter into contract to buy a home. But regardless of how homes are sold in your area, it's generally thought to be a good idea for sellers to conduct presale inspections before they put their home on the market. Some sellers do pre-inspections to make sure that they completely disclose defects that may affect the value of the property. Others inspect so defects ...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.