During the contingency period, the Buyer or Seller will order
physical inspections as specified in the Purchase Agreement.
Legislation mandates (under Civil Code 1102) that the Seller has
the responsibility to reveal the true condition of the property on
a Transfer Disclosure Statement. This may help determine what
kind of property inspections are desired or necessary.
Who Pays ? Your Purchase Sale Agreement
will specify who is responsible for the costs
of inspections and for making any needed
corrections or repairs. It is negotiable between
the parties and should be considered carefully.
Your agent will advise you what is customary
Structural Pest Control
Inspection. A licensed inspector will
examine the property for any active
infestation by wood destroying organisms.
Most pest control reports classify conditions
as Section I or Section II. The inspection and
the ensuing Section I repair work is usually
paid for by the Seller. Section II preventative
measures are generally negotiated, and not
Section I Conditions are those currently
causing damage to the property. These
conditions generally need to be corrected
before a Lender will make a loan on a home.
Section II Conditions are those not
currently causing damage but which are
likely to, if left unattended.
Home Inspection. This inspection
may encompass roof, plumbing, electrical,
heating, appliances, water heater, furnace,
exterior siding, and other visible features of
the property. A detailed report will
be written with recommendations and
pictures which may include the suggestion
to consult a specialist (such as a structural
engineer or roofing contractor). The
inspection fee is usually paid by the Buyer.
You may also like to visit Home Buying Process, San Diego California.
If requested, a
soils engineer will inspect the soil conditions
and the stability of the ground beneath the
structure, as well as research past geological
activity in the area. You may also elect to
go to the city and research the property’s
proximity to known earthquake fault lines.
Typically, the Buyer pays for this inspection.