Buyers Do Your Home Inspections
Home inspections are very important these days. I am not saying they weren't important before but with Short Sales and Bank Owned homes on the market, who knows what happened in those homes. Here's a quick explanation.
Short Sales - Typically when a home owner plans on Short Selling their home, the owner usually stops doing the common home maintenance because it wouldn't make sense for the owner to put more money into a house that they will lose.
Bank Owned Homes - Banks are exempt from some disclosures because they don't know the condition history of the home. Also some home owners might damage the home before leaving.
When you get into Escrow, the buyer usually has 17 days to do their inspections. Some Banks will only give you 7 or 10 days. Of course the amount of days depends what was negotiated in the contract. Either way, be prepared to get the home inspections.
If you have any questions, please let me know.
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CA DRE # 01397640
Selling San Diego Real Estate since 2003
Paul CaparasDRE # 01397640
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