Some items that will be negotiated include the following:
- Final sale price.
- The inspections to be done.
- Who will pay what closing costs.
- When the closing date will be and when the transfer of ownership will occur.
- Special considerations of things to be included or excluded from the sale.
- Special considerations such as carpet replacement or roof repair that are not part of an inspection.
You may want to consider the following types of inspections to be requested as part of your negotiations. Once an offer is accepted the inspections can be done and any findings will be resolved before the closing.
Note: these vary by county – check with your agent for more details about the inspection and costs.
Structural pest control inspections: conducted by a licensed inspector, the “termite report” offers an analysis of wood damage caused by termites and other pests.
Physical inspections: typically done by a general home inspector, a physical inspection is a visual review of the overall condition of the property.
Geological inspection: evaluates the soil conditions at the home. Typically done by a geotechnical engineer, it involves physically inspecting the property and researching past geological activity in the area.
Other inspections may include:
- Property hazard disclosure report
- Hazardous materials
- Well and septic
- Water conservation
- Structural engineering
- Chimney inspection
- Heating and air conditioning
- Zoning and building permit compliance
- Energy audit
- Roof inspection
- Pool/spa inspection