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Home Inspections
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Inspections you should require
The appraisal and the termite inspection are required by the mortgage company. You should also have a professional home inspector go through the home to find any problems the seller didn’t know about or didn’t disclose. The standard Arizona Residential Resale Real Estate Purchase Contract provides for 10 days from an accepted contract to get all inspections done. You can request more time if there are conditions that require it. Once you complete all inspections, you can ask the seller to make any repairs you want or compensate you financially. The seller has 5 days to respond to your request. If they are unwilling to do either, you have the right to cancel the contract and not lose your earnest deposit.
A home inspector will inspect all structural, electrical and plumbing in the house. They should provide you with a full written report of everything they found. You will use this report to determine what you would like the seller to repair or if you want to cancel the contract because the repairs are too great.
The Final Walk Through
Before closing, a Final Walk Through will be scheduled to ensure the home is in the same condition as when you wrote the contract and to inspect that all required repairs were completed. You should do this within 5 days before close of escrow.
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