Look at your sales agreement; how many days after acceptance is your due diligence period? In CA the normal due diligence time period is 17 days. You have 17 days to perform all your inspections and on the 18th day after fully executed contract your due diligence / inspection period ends and your earnest money deposit is non-refundable. It is best to perform all your inspections ASAP so there are no surprises towards the end of your transaction.... more
Be aware, there may be others who make decisions based on the inspection report.
For instance, depending on the home insurer you select, here in FLorida, they will review the inspection and require any potential trip hazards or non functional outlets to be repaired. No insurance means no funding.
Some lenders want to see the inspection summary.
The title company may want to see the summary or waiver.
Five days before closing, as you can see, will prove problematic.
In that case you can have the inspection done whenever you choose, HOWEVER, you must waive your right to cancel the purchase agreement which is equivalent to waiving your right to have an inspection.
The traditional time window for the standard State of Florida purchase agreement is 15 days after execution of contract. (negotiable) Most professionals will shorten the time to complete inspection.... more