INSPECTION PROCESS
When making an offer on a property using a California Purchase Contract, there will be provisions in that contract allowing the buyer to complete various inspections on the property. The purpose of these inspections is to educate the buyer(s) as to the current physical condition of the property to be purchased. While these inspections do not provide guarantees of the condition of the property, they do provide valuable information regarding the current state of the property and potential defects that might to be addressed. It is important to remember that the Purchase Contract may provide for withdrawal from the contract if these reports are unsatisfactory to you, but inspections should not be considered an open door to renegotiate the purchase price. There are two inspections common to most real estate transactions and those are;
(1) A STRUCTURAL PEST CONTROL INSPECTION. Often referred to as a “Termite Report,” the Structural Pest control Inspection is conducted by a state licensed Inspector.
(2) A PHYSICAL INSPECTION. The Physical Inspection is an inspection of all major systems on the property by a certified home inspector with CREIA or ASHI credentials and can lead to more specific inspections by licensed professionals.
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