Inspections are an important part of the Contract for Sale of Real Estate.

Inspections must be made by an qualified, independent inspector. This means that someone who is in the business of inspecting homes must perform the inspection.

The buyer may have any type of inspection they deem necessary including structural, septic, well, radon, etc. Inspections are at the buyer's expense.

One of the most misunderstood parts of the Inspection section of the contract is the Inspection Period. The inspection period is length of time stated in the contract in which all inspections must be completed. Not only do the inspections have to be completed within this time frame, BUT the seller must also be notified of any requested repairs or requests for monetary adjustments by this deadline. These requests are made on a form called the Inspection Notice.

One last item to mention is that only one Inspection Notice may be submitted during the Inspection Period. For example, if a buyer desires a home inspection plus a septic inspection and issues are found on both of these inspections, all requests for repairs or adjustments must be addressed on one Inspection Notice.

For any questions you may have on contracts, please feel free to contact me.