Pierre Colsenet Visual

Agreement of Sale Inspection: What You Need to Know

If you`re in the process of buying a home, you`ve likely heard of an « agreement of sale inspection. » But what exactly is it, and why is it important?

An agreement of sale inspection is an inspection of the property that is usually conducted after the seller has accepted your offer. It is typically done by a licensed home inspector, and it is conducted to identify any potential issues with the property. The goal of the inspection is to provide the buyer with a clear understanding of the condition of the property, and to help them make an informed decision about whether or not to move forward with the purchase.

Here are some key things to keep in mind about agreement of sale inspections:

1. They are not optional. In most cases, an agreement of sale inspection is a required part of the home buying process. Your real estate agent will likely include an inspection contingency in your purchase agreement that will give you a certain period of time (usually around 10 days) to have the property inspected. If you don`t have the property inspected within that timeframe, you may not be able to back out of the sale if you later discover issues with the property.

2. They are not just about the big stuff. While you may be most concerned about major issues like the roof, foundation, or plumbing, an agreement of sale inspection will also cover smaller issues like faulty outlets, damaged window screens, and leaky faucets. These seemingly minor issues can add up over time, so it`s important to have them identified and addressed before you close on the property.

3. They can help you negotiate. If the inspection reveals issues with the property, you may be able to negotiate with the seller to either have them make repairs before closing, or to lower the sale price to account for the cost of repairs. Your real estate agent can help you navigate this process, but having a clear understanding of the property`s condition will give you more leverage when it comes to negotiating.

4. They can give you peace of mind. Buying a home is a big investment, and it can be stressful to worry about potential issues with the property. An agreement of sale inspection can give you peace of mind knowing that you have a clear understanding of the condition of the property before you close the deal. It can also give you confidence that you`re making a smart investment that will serve you well in the years to come.

In summary, an agreement of sale inspection is a crucial part of the home buying process. It can help you identify potential issues with the property, negotiate with the seller, and give you peace of mind knowing that you`re making a smart investment. If you`re in the market for a new home, be sure to work with a licensed home inspector to schedule an agreement of sale inspection and get a clear understanding of the property`s condition.

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