When the seller has accepted your offer, if you negotiated to have an inspection or inspection contingency, you will have a chance to hire a professional home inspector to inspect the house and provide a detailed report.
The inspection period is negotiable, usually 7-10 days, though in a competitive offer situation, it’s best to have as short an inspection period as possible. It’s your chance to make sure that the home is purchase-worthy, and also to negotiate on anything that we want to ask the seller to fix, or to compensate you financially to take on and fix for yourself. If you’re not happy with the inspection, you can cancel the purchase agreement and get your earnest money back if you negotiated for a contingent inspection.
Every situation is different, but here are some guidelines that we generally use to negotiate: