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Isaac Oserin, Real Estate Pro in New York, NY

Question for Westchester NY agents: Is it typical for a buyer to do a home inspection prior to signing a contract?

Asked by Isaac Oserin, New York, NY Thu Mar 15, 2012

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Yes it is typical for a buyer to do a home inspection before signing a contract. The problem is, every day that goes by without signed contracts is another day another buyer could come by and make a higher offer. The only thing that commits a seller to a buyer is signed contracts. The market is changing and things are active. If someone finds the right house, do your home inspection immediately and sign contracts. It's your only protection.

Donald Mituzas
Licensed Associate Broker
2008 Realtor of the Year
Prudential Douglas Elliman
New York's #1 Real Estate Broker
Web Reference: http://www.nyhomeseller.com
1 vote Thank Flag Link Sat Mar 17, 2012
Yes, I strongly recommend conducting an inspection before signing a contract. I have worked with many clients who have walked away after seeing issues the inspection uncovered. Please do your homework on choosing an inspector as many do not perform thorough inspections. Checking for termites, radon test and ensuring there are no existing underground oil tanks are just a few of the major priorities. I have an excellent inspector in Westchester & Putnam I have been using for years if you are interested.
Michael Oliva
Licensed Real Estate Associate Broker-Rutenberg Realty NYC &
The Realty Exchange-Westchester County NY
moliva@rutenbergrealtyny.com
0 votes Thank Flag Link Tue Apr 3, 2012
I am wondering how the attorney for the buyer would advise otherwise. You would want to know if there are any condition issues with the home before you have signed a binding contract. This is very normal. In my market on the North Fork of Long Island, the sellers attorney will usually wait for the inspection to be completed before the contracts are sent to the buyers attorney.
0 votes Thank Flag Link Sat Mar 17, 2012
I'm not in Westchester but it's the same answer anyway. YES, it is typical and customary. Other than that you would be given a Property disclosure report that the seller fills out which may answers many questions you might have on the property in question. If you don't get that report, the seller by law, has to give you a $500 credit at the closing.

Your Attorney will have specific language in the contract that should allow you to recind your offer if, after inspection, you find problems that you don't want to deal with and move on to something else. You will have a time frame by which you should get the inspection done prior to signing the contract of sale.

I strongly urge you to have the property inspected. If not and you find a serious problem later on, you might just have to live with it. Good luck.
0 votes Thank Flag Link Fri Mar 16, 2012
Do you mean prior to making an offer? That sounds unusual.
0 votes Thank Flag Link Thu Mar 15, 2012
It is typical through Long Island, Westchester and almost everywhee these days. Yes, they inspect first, sign afterwards.
0 votes Thank Flag Link Thu Mar 15, 2012
In all of my years in this business, every single client of mine has done an home inspection before signing a contract. Buyers have walked away from a deal because of issues that were discovered during an inspection.
0 votes Thank Flag Link Thu Mar 15, 2012
Absolutely, as noted below, below even if the home is sold as is, you would want to know if the repairs/upgrades required are tasks you want to take on and within your affordability.
0 votes Thank Flag Link Thu Mar 15, 2012
Inspections should always be conducted before prior to contract signing; if any issues arise they can be addressesd beforehand, thus resulting in a clean contract and faster closing time.
0 votes Thank Flag Link Thu Mar 15, 2012
Hi, Absolutely. The reason for this is the attorney wants to make sure the deal is moving forward and there are no other points that need to be negotiated after the inspection. There are buyers that waive their inspection as a contingency in the contract and are doing it for their peace of mind only. In that case the buyer can sign before the inspection.

Christopher Pagli
Licensed Associate Broker
accredited Buyer Representative
william Raveis Legends Realty Group
914.406.9023
0 votes Thank Flag Link Thu Mar 15, 2012
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