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As a Seller you will hopefully be involved in a home inspection, since at this
point you will have an accepted offer on your property. As a rule a buyer can, if they elect to,
have an inspection done as part of the purchasing process.
The time frame for home inspections can vary anywhere from five (5) days to twelve
(12) days from the agreement date. The dates for having the inspections done will depend on the
time frame that each party agrees to in order to move transaction along.
In Massachusetts the inspections are usually done between the acceptance of the
Offer and the signing of the Purchase and Sales Agreement. In New Hampshire, because Sellers and
Buyers go directly into a Purchase and Sales Agreement, the inspections are incorporated within the
agreement.
In both situations an acceptable and satisfactory inspection, by the buyer of your
property, is a contingency that must be accomplished to both parties' satisfaction before the
transaction can proceed. Should the inspection bring up issues that cause the buyer some concerns,
he/she can either terminate the agreement, or ask you to make the appropriate repairs, or ask for
compensation to do the repairs after the closing. In either case you can make the determination as
to whether or not you feel their requests are justified.
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