Inspection reports require more negotiations

Amelia Smith

Amelia Smith & Associates

Ding. Ding. Ding.

You have successfully negotiated the residential purchase agreement to buy or sell a home. Both parties have reached accord, and the property is in escrow. Is that the end of negotiations? Or should homebuyers expect a second round?

During the early stages of a real estate sales transaction, there will likely be an inspection made of the property being sold. It is commonly referred to as a home inspection and typically occurs in the first 17 to 21 days after an offer is accepted.

Those early stages are known as the buyer's due diligence...