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During the contingency period, after the purchase agreement is signed, I will order the physical inspections you have agreed to provide and coordinate any inspections requested by the buyer. CA. Civil Code 1102 provides that you, the seller, must reveal the true condition of your house on a Disclosure Statement. When you have completed this form you may be able to better determine what kind of property inspections are needed or required. I will help you through this process.
WHO PAYS?
Your purchase agreement specifies who is responsible for the costs of various inspections and who will be paying for any needed corrections or repairs. The costs are negotiable between the buyer and seller. I will help you with this negotiation and advise you regarding what is customary and prudent.
THE STRUCTURAL PEST CONTROL INSPECTION
A licensed pest control inspector will examine your house for any active infestation by wood destroying organisms. Most reports classify conditions as Section I or Section II. Section I generally refers to active infestation. Section II generally refers to conditions that would lead to infestation. The correction of Section I or Section II conditions is negotiable; however, Section I is typically paid for by the seller since the buyer's lender wants these corrected prior to making a loan.
HOME INSPECTION
This inspection encompasses the roof, plumbing, electrical, heating, appliances, water heater, furnace, siding, and other visible features of the house. A detailed report is written with recommendations. Often the recommendation is for the buyer to consult a specialist in whatever feature is of concern. The inspector is a generalist and not a specialist in any area. The inspection fee is usually paid by the buyer. Any recommended corrections are negotiable. |