How to Prepare for the 10-Day Inspection Period

When you buy an Arizona home, what happens during the 10-day inspection period? Today I've got a quick breakdown of all the possible outcomes and benefits you have as a buyer.

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Today I'm getting ready for a home inspection review, so I wanted to take this chance to talk about how the inspection period works for the Arizona real estate contract.

As a buyer, you're given 10 days to inspect the property and surrounding area in any way you'd like. We always give buyers a buyer's advisory that's put out by the AAR to give you an idea of the things you might want to inspect, research, or investigate. We always highly recommend having a professional home inspection. Depending on the size of the house and whether it has a pool, the price will vary, but you can count on spending somewhere between $300 and $500.

If you work with us, we'll arrange and facilitate the inspection using and ASHI-certified home inspector. If you have your own inspection company that you'd rather use, you're of course free to do that. We'll also arrange for a termite inspection at the same time as the home inspection. Termites are very common, so don't panic if your termite report comes back termite-positive.

As a homebuyer, you don't have to attend the whole home inspection, but we encourage our buyers to meet at the end for a summary review of the items the inspector has identified as problematic. As your agents, we'll attend that review with you. If the inspector calls attention to any red flags that need to be inspected further, we'll help you arrange for a specialist to come out and take a closer look. This could mean the roof, the A/C, plumbing, electrical, or anything else the inspector calls attention to.
The inspection process gives buyers a great opportunity to investigate the home.
If you find something you absolutely cannot live with during that 10-day inspection period, you can cancel the contract and have earnest money returned to you. If you find anything during the inspection period that you'd like to have fixed, then it's your prerogative to make a list of the items and submit them to the seller within the 10-day period. As your agents, we'll help you create that list and deliver it to the seller's agent.

Once you've delivered your repair requests to the seller, they have five days to review it and respond. If they say they'll fix everything on the list, you can move forward with the contract. If they say they'll fix some or none of the items on the list, you can decide to move forward with the contract or cancel and get your money back.

The inspection process in Arizona effectively gives the buyer a very good opportunity to investigate the home and the surrounding area and cancel the contract if they find something they weren't expecting and can't live with.

If you have any other questions about the home inspection process or you're thinking about buying or selling a home in the Chandler area, give me a call or send me an email soon. I'd love to help!

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