Hello there!
There's no secret that there are many buyers on the market. And many of them are first time home buyers. One of the first things they ask upon deciding they want to offer- "What if something is wrong with the house? Can I back out of this?" Today I am going to outline your options as a home buyer based upon the area that I work in.
Congratulations, your offer has been accepted and you're in contract on a new home! First things first: When is the home inspection? Who pays for it? The buyer's agent will indiciate a deadline for the home inspection when writing the offer. You typically want to do the home inspection pretty early on, so you aren't wasting your time or the seller's time if it isn't going to work out. The agent will also indiciate how many business days you have to make your requests, and how many business days the seller has to respond to your requests. Generally speaking, the buyer pays for their home inspection. Your realto...