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Asked by Caesura, Bristow, VA Tue Apr 7, 2009

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3
Cindy Jones, Agent, Alexandira, VA
Wed Apr 8, 2009
Your contract should spell out the days that you have for inspections. Your agent should be able to outline for you all of the dates that are applicable for your contract. Most short sale contracts have a clause that indicates that you don't do inspections until after you have final approval from the lender on the sale.
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Lindsey M. B…, , Ohio
Tue Apr 7, 2009
If you signed up for getting an inspection on the home you have to obtain the inspection within the amount of days listed on the purchase contract once finalized. Its actually nice to have it that way because this way if anything is found that is unacceptable to you you have the right as the buyer to walk away and obtain your earnest money back - or - it also gives you the opportunity to go back to the seller to work on new contract terms if necessary.

Good Luck,

Lindsey
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Patty Da Sil…, Agent, Cooper City, FL
Tue Apr 7, 2009
Caesura,

Yes, there is a time limit for inspections and that is going to be dictated by the number of days agreed upon on the purchase and sales agreement signed by the buyer(s) and seller(s).
The inspection period is typically 5 to 10 days, but it can be negotiated to be different than that.

Help lots of people and have a great day!!!

Patty Da Silva, CDPE©, RESS®, AHWD®, e-PRO®

CERTIFIED DISTRESSED PROPERTY EXPERT© and Real Estate Short Sale Specialist®

Licensed REALTOR® & Mortgage Broker - Senior Financial Advisor

Visit http://www.pattydasilva.com for SouthEast Florida's best properties.

Ph: 305-244-0609
Web Reference:  http://www.pattydasilva.com
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