WHAT IS A FINAL INSPECTION OF THE PROPERTY?
• This is the Buyers’ last chance to check the condition of the property before the purchase • The final inspection is generally arranged through your Buyers’ agent, you should expect the property to be vacant and clean • The Buyer “walks through” the property and examines the exterior and interior of the property to verify that it is in the same condition as it was at the time the Purchase &: Sale Agreement was signed, normal wear and tear excluded • If there was an agreement relative to repairs being completed, they too should be inspected • If the property was incomplete at the time of the Purchase &: Sale Agreement, it should be inspected for completeness per plans and specifications IF THE INSPECTION REVEALS ISSUES, CAN I BACK OUT OF THE CLOSING AND GET MY DEPOSIT BACK Maybe. If the condition is significantly different, you want to bring this to the attention of your attorney immediately. • Most of the time Buyers will want the problem cured by the Seller or the cost of fixing the
Related Questions
- Where can I find the requirements for vegetation clearance so my property will meet the Standard required for my Final inspection?
- Who is responsible for ensuring that a structure has a final inspection and that a Final Certificate is issued?
- What is the turnaround time and fee for a final inspection?
