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8.3
WRITING
AN OFFER - SAFEGUARDS REGARDING THE PROPERTY
Inspections
you should require
Besides appraisal
and the termite inspection, you should also have a professional
go through the house and seek out potential problems. Of course,
you will have inspected the home, but you are not used to looking
at some things that a professional will find. Even if they are not
things the seller is expected to repair, at least you will have
foreknowledge of any potential problems.
The seller
will want this inspection performed quickly, so that you can approve
the results and move forward with the purchase. Once you receive
the inspection, you will want to allow yourself sufficient time
to review and approve the report. If you do not approve the report,
you may negotiate with the sellers on which repairs should be performed
and who should pay for those repairs. Otherwise, you can cancel
the purchase without penalty, provided you have included timetables
in your offer.
Allow a maximum
of ten to fifteen days to receive the report and five days to review
it.
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