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Selling a Columbia Home? Check out our FREE Home Value Report
Selling a Columbia Home? Check out our FREE Home Value Report
When you get a contract on your house, there is a clause in the contract called the “due diligence clause” that gives the buyer the right to do any inspections on your house that they feel are necessary. They are usually given 10 business days to complete them. In this period of time, your house is almost held ransom, and there’s no way to get around it.
Buyers have the right to do any inspections they feel necessary. Some of the more common inspections include:
- The home inspection. This is where an inspector comes in and checks everything out. Afterward, they'll give you a report.
- The heating and air inspection. Here, the heating and air company will come out and inspect the heating and air systems to make sure that everything is working properly.
- The CL-100 inspection. This is just a termite inspection to check that there are no issues that would promote termite growth.
When these inspections are complete, the buyer has the right to ask you to fix anything they feel needs to be done, but since this is a negotiable item, you don’t have to do everything. What you need is a good agent to help you navigate these waters and determine what’s fair and favorable. If a buyer, for instance, is asking for something that is excessive or something that we do not agree with, what we would do is have our own inspector give a second opinion.
You don’t have to do everything the buyers asks.
The bottom line is that this is nothing to really worry about. 99% of the time we get through the inspection phase of the contract, the contract stays intact, and we proceed to a closing. My recommendation to most sellers is to expect to pay a couple hundred dollars on doing little things that come up on the report just to make the buyer happy and get through this period of time.
Again, the main thing a seller needs throughout the contract is an agent that is knowledgeable about the process so they can help you come out on the other end with a successful closing.
If you have any questions, give us a call or send us an email and we’d be glad to answer them. We look forward to hearing from you.
