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In Escrow with Your Newport Beach House? Get a Home Inspection!

In Escrow with Your Newport Beach House? Get a Home Inspection!

You are buying a Newport Beach home for sale. The sellers have accepted your offer, and you are in escrow. Exciting times for sure.

This is the time for a buyer to do their due diligence and investigations about the property. Inspect away, because you will be asked to remove contingencies (typically 17 days unless something else was negotiated in your purchase agreement).home inspection

As part of the buyer due diligence, I always recommend a home inspection. You can bring in your home Licensed Home Inspector, or ask for a referral or referrals from  your Realtor. The home inspection is something that the “buyer” pays for typically.

The home inspector contacts the buyers and explains the home inspection process and their fees and an independent arrangement is made between the home inspector and the buyer.

When I am the selling agent – or agent representing buyers – I am always present for the home inspection process. I walk around the property along with buyers, home inspector and if I have a question, the home inspector will address it. This is also a time where I will write my AVID – Agent Visual Inspection Disclosure.

In my experience, seller’s don’t really like to be present for the home inspection process as it may become uncomfortable for them if the home inspector is pointing out defects in the property.

Let your home inspector do their job – it typically takes 2-3 hours (depending on size of home, if it is a raised foundation, etc). I did have one that took 4 hours once. Then the home inspector walks around with the buyers and their Real Estate agent to show the buyer the findings.

The home inspection report is the buyer’s property. However, if the buyer is requesting any request for repairs on the property, then it is recommended that the report is shared with the listing agent.

Also, the home inspector may find something in the property that may call for additional inspections (i.e. mold inspection as an example).

If I can answer any questions about the home buying process, please contact me.

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ABOUT ME

Sharon Paxson is a full-time REALTORĀ® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyerā€™s, Sellerā€™s, Landlords, and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with aĀ top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

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  • Newport Beach area buyers, sellers, renters
  • 1100 Newport Center Drive
    Newport Beach, CA 92660
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DISCLAIMER: All information, photographs & content contained on this site is the property of Sharon Paxson. You must obtain written permission from Sharon Paxson if you would like to use any of this content contained herein. Opinions expressed are those of Sharon Paxson and may not necessarily be opinions of past and present brokers. Articles may be time and date sensitive. All statistical information utilized to create market reports has been obtained from the CRMLS. Information Deemed Reliable but not Guaranteed.

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