Now that a contract has been executed and trust money dropped off, we are officially in the and inspection time period!
What is the inspection time period?
During the inspection time period, we conduct the home inspection(s) and negotiate any inspection issues. If you’re buying a condo, this is the time period when we review the building’s condo docs such as: their budget, Rules and Regulations, meeting minutes, etc. Usually this period is 7-10 business days (check the exact amount of time as negotiated in your purchase contract).
If we cannot get all of the above completed during the time frame agreed upon in the contract, we can ask for an extension.
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