Home Buying
Process

Finding the right home to buy for you and your family is not only the largest financial investments, it is an incredibly time-consuming and an emotional life-changing event that can be an unpredictable and emotional rollercoaster, so approaching it with the right mindset and embracing the home buying steps can help you minimize the pitfalls. Immediately following finding your dream home and the acceptance of your offer to purchase your future home, scheduling a comprehensive home inspection by a qualified third party inspector should be the first step to take, prior to the expiration of the inspection contingency period.

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Inspection Contingency Period

Practically every home purchase contract will have a specific time allowance for the home buyer to conduct due-diligence inspection, the default contingency period in California is set for 17 days. However, in practicality and due to the real estate market condition, the 17 days are often shortened or even waived to make the purchase offer stand out at certain conditions, such as, once you learn if the purchase offer has been accepted, it is imperative to schedule the home inspection day as soon as possible. Unlike an appraiser, who is typically hired by your financial institution or lender to determine the value of your dream home, before agreeing to lend you money to purchase it, the general inspector is hired by you, the home buyer, immediately after you and the home’ seller have finalized the purchase offer. If the home buyer does not fulfill the term of the purchase agreement, the seller can service the buyer with a notice to perform the property inspection or face possible cancellation of the escrow and other punitive damages.

Home Inspection Day

Home inspection’ s day can be exciting, Reassuring, Joyful and exhausting all in a span of 2-4 hours.  For most home buyers, Inspection day is one of the most exciting moments of the home buying process because, in many cases, it’s likely to be the first opportunity for you, the home buyer, to go inside your future home since acceptance of your home purchase offer. Further, it’s the day to learn about the details of your future home’ s physical condition.

Subsequently, the general inspection’ s finding is the chance for you, the buyer, to consider the renegotiate the purchase contract terms, Request for repairs, Request a credit, Other negotiation leverage(s) utilized when unexpected deficiency identified during the home inspection and along the guidelines and parameters of the comprehensive inspection checklist.

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