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Besides appraisal and
the termite inspection, you should also have a professional go through the
house and seek out potential problems. Of course, you will have inspected
the home, but you are not used to looking at some things that a professional
will find. Even if they are not things the seller is expected to repair,
at least you will have foreknowledge of any potential problems.
The seller will want
this inspection performed quickly, so that you can approve the results and
move forward with the purchase. Once you receive the inspection, you will
want to allow yourself sufficient time to review and approve the report.
If you do not approve the report, you may negotiate with the sellers on
which repairs should be performed and who should pay for those repairs.
Otherwise, you can cancel the purchase without penalty, provided you have
included timetables in your offer.
Allow a maximum of ten
to fifteen days to receive the report and five days to review it.
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