Once your house has gone under contract, the buyer has the right to schedule a home inspection within the inspection period in the state of Louisiana. Buyers have the right to also have specific inspections during the inspection period, most often they might ask a licensed roofer or licensed HVAC contractor to inspect those things. The home inspection usually occurs within 7 business days after the contract is accepted.
The buyer will schedule the inspection and his/her Realtor will confirm the day/time work for us. Most inspectors do not work evenings or weekends so usually the inspection takes place during a week day. It’s important that the home inspection occur quickly.
Sellers should not be present for the home inspection. Instead, it’s a time for the buyer and the buyer’s Realtor to be alone in the property with the inspector. For condos, plan to be gone for 2 hours. For single family homes, the inspection can take 3 – 4 hours depending on the size of the home. The home should look just like it did for the showings with beds made, dishes put away, pets out of the home, etc.
After the inspection, the inspector will send the report to the buyer, usually within 24 hours of the inspection. Then the buyer will need to review the report and decide if there are any deficiencies for which they wish to request repairs.
The buyer’s Realtor will send the official Inspection and Due Diligence Response and Contingency Removal with any deficiencies and repairs the buyer is requesting. At this point the seller has a few options: agree to remedy all the items requested, agree to remedy some but not all, offer money in lieu of repairs, or simply decline to remedy any items.
If major problems are found during the inspection, the buyer does have the right to walk away from the deal and the deposit will be returned to him/her. Otherwise, if we’re able to come to an agreement, each party signs that they accept the other’s response and elect to proceed to the act of sale
Any agreed upon repairs need to be completed prior to the final walk through which occurs within 5 days before closing and receipts need to be provided to the buyer showing the required work was completed and paid for in full prior to the walk through.
Leslie Green (225) 202-7935 Leslie@PatWattam.com