Step 15 to NYC Home Selling: Home Inspection | AlexSungNYC.com

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The NYC home inspection usually occurs within 3 – 7 business days after the contract is accepted.

Scheduling the Inspection

The buyer(s) will schedule the inspection and their Realtor will confirm the day and time work for us.  Since most inspectors do not work evenings or weekends, the inspection takes place during a week day.   It’s important that the home inspection is done quickly as it takes the inspector(s) a few days to write up their report.   When the home inspector arrives, the seller must not be present at the home; the buyer and the buyer’s Realtor are 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; anything to make sure that the inspection process goes smoothly. 

The Inspection Report

After the report is completed, the buyer will review the report, and either the buyers' Realtor or attorney will ask us for any credits or repairs the buyer wants. We’ll then negotiate these items back and forth and, to eventually come to an agreement.   If major problems are discovered during the inspection, the buyer  has the right to walk away from the deal and the earnest money will be returned to him/her.  Otherwise, if we’re able to come to an agreement, the attorneys will draft it and sign it.  Any agreed upon repairs need to be completed prior to the final walk through which is accomplished the day before closing. Receipts do need to be provided to the buyer showing the required work was done to completion.

Step 15 to NYC Home Selling: Home Inspection | AlexSungNYC.com Step 15 to NYC Home Selling: Home Inspection | AlexSungNYC.com  Reviewed by Alex Sung on December 10, 2020 Rating: 5

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