Inspections are available for buyers to review a property for issues and potentially submit a request for repairs.
The inspection is scheduled and paid for by the buyer. Most inspections occur during weekdays; however, there are some exceptions.
The time an inspection takes is varied based upon the size of the property and inspector. It is recommended that the buyer attend at least part of the inspection (this could be during the last hour to thirty minutes). The inspection company can give more details regarding their process. Sellers are not to attend the inspection.
Paragraph 17B of the Greater Louisville Association of REALTORS (GLAR) contract deals with the allowed time-frame for inspections agreed upon by buyers and sellers. The time-frame can be different, but typical inspection periods are 10-14 calendar days in length. During this time period, an inspection is scheduled and performed and a repair request is submitted. As an example, if the inspection time period is 12 days, the inspection and repair request must be submitted before the end of the 12 calendar days. It is best to schedule inspections as early as possible in order to make sure there is plenty of time.
Once the repair request is sent to the seller, the initial inspection time-frame ends. The next part of the process involves the agreed upon time periods from the contract, outlying how much time the seller has to respond and how much time a buyer has to respond to the seller if there is a counter-offer.
As your agent, I will help you through the inspection process. Please let me know if you have any real estate questions.
Matt Gatewood
Realtor®
Keller Williams Louisville East
502-594-6582
