You have a contract and it is time to inspect. This is a great time in the process until ....... the inspections hit!
One way to hedge against potential sunk cost if the deal crashes due to inspections is to list all the inspections and determine which ones have the highest potential of a failure.
If the home is on well water I recommend that the buyer have a well pump test done before anything else, because if there is poor water volume and recovery this could kill the deal before any other inspections are performed.
If the home is on a septic system I recommend that the tank be pumped and inspected even if it has been pumped recently. One of my clients followed my advise and the inspection discovered that the tank was not level and allowed water to back up into the inlet pipe. The Seller had to spend $2000 to replace the tank.
The standard home, radon and wood destroying pest inspections normally follow next. If you are in a highly prone radon area you may want to have this test before some of the others.
As discussed in an earlier Blog entry, always have a survey and depending on the circumstances it may need to be done early in the process if there are any concerns.
"Caring for all your real estate needs every step of the way"
Karen and Wendell Hodge
Greensboro NC Real Estate Agents with REMAX of Greensboro
www.YourTriadRealEstateAgent.com/
Greensboro NC Real Estate* Oak Ridge NC Real Estate
High Point NC Real Estate
Winston-Salem NC Real Estate * Kernersville NC Real Estate
Piedmont Triad NC Real Estate
