Step 7: Perform the Home Inspection
After the contract is fully accepted and all terms are agreed upon, a home inspection can be performed if the contract allows. The inspection will allow you and the inspector you hire to take a more thorough look at the property. This inspection will give you a far greater understanding of the property you are purchasing.
The Home Inspection
There are three categories that items should be sorted into when considering a response to the Seller:
- Safety & Appraisal Related Issues
- Reasonable Fixes
It's important to note that the Home Inspections request from the buyer(s) will result in one of three responses from the seller(s):
- Agree to Fix the item at the seller's expense.
- Offer a Seller's Concession (this does not reduce the price of the home, but rather is credited towards "closing costs". The Seller's Concession cannot exceed "closing costs" of typically 3% to 5% of the purchase price of the property.)
- Decline to address the topic or issue requested.
The Tank Sweep
A tank sweep is the best way to locate an abandoned or decommissioned underground oil tank. This is an essential part of a real estate transaction as a clean up due to a leaking oil tank can range from $8,000 to $100,000+, depending on the location and severity of the issue.
File an "opra Request" | Open Public Records Act
Request records by filling out form and returning to the City Clerk's Office. As your Realtor I'll provide you with the completed OPRA Request and information on where and how to submit the request.
In accordance with the Open Public Records Act, any city/township makes available its public records through formal requests to the Department's Office of Record Access. Requests may be submitted in writing by submitting a paper "records request form" or by completing the online form (if available) A sample paper request form is located below.