This is not abnormal at all.
The market is very competitive right now so the shorter your contingencies, the more competitive your offer is. 7 days should be adequate time for additional inspections - assuming that the seller provided the disclosures, home inspection, and termite reports already. In today's market, the default number of days is reduced because there is so much competition and multiple offer situations.
Depending on the type of additional inspections, your realtor should know what time frame is best. Your offer should be strong and protect you simultaneously. You should definitely discuss this with your realtor so you understand why they think this is the best move. This will help you feel more comfortable and confident with the terms. Feel free to express all your concerns to your realtor.
Hope this helps!
Good luck and happy house hunting!
Better Homes and Gardens Burlingame
The shorter the better if you are going to be in a competitive situation. Did the sellers already complete any inspections and disclose them to you? Have you considered inspections prior to the offer date so you can write an offer without an inspection timeline?
I have done several this year with inspections either done before the offer date or within 3 days to make the clients offer look the strongest.
It really is about your confidence in the property and comfort level.
Matthew Goulden I'm all about San Francisco
Direct : 415.729.4189
Office / efax 415.432.2023
DRE # 01460165
Zephyr Real Estate 4200 17th Street, San Francisco CA 94114
In San Francisco's highly competitive marketplace where multiple offers are the norm, sometimes its in your best interest to shorten your days for completing inspections on the property in order to make your offer the more compelling choice for the seller. Whats more important is that you develop a relationship with your agent where you can trust their judgement and know that they are working for you with your best interests in mind, remember they have a fiduciary duty to handle themselves in an ethical manner when representing you. But anywhere between 7-10 days is common to see when your in a competiive bid for a property.
George Langford - Senior Sales Associate
Founder of SevenSquaredSF.com & SanFranciscoFrontDoorSteps.com
Climb Real Estate Group
251 Rhode Island, Suite 105
San Francisco, CA 94103
Yes, it is. This market is extremely competitive and reducing default inspection times shows that you are serious about your offer. Did you ask your agent to explain why this should be done?