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Buyer's Inspection
After the
seller has put the property on the
market and before the potential buyer
has taken possession a Pre Purchase or
"Buyers" Inspection is typically
performed.
Along
with their agent the potential buyer
will draw up a closing contract which
will include sufficient time to schedule
a home inspection. If a property fails
to meet the buyer's expectations as a
result of the inspection, then the sale
may fall through. In many cases, a
Buyer's Inspection will help both the
buyer and the seller to identify damage
or other problems that may exist with a
property so that both parties can either
renegotiate the selling price or the
seller's responsibilities to repair the
property at the seller's expense prior
to the final close.