Source: Forbes —
So, you found the perfect home (nice!) and you put in an offer (very nice!) and your offer was accepted (SUPER nice!)… now it’s time to have your new purchase inspected. Buyers pay for inspections in order to do their due diligence and ensure that the home is in good shape before completing the purchase. Major red flags that come up during the inspection could make you reconsider buying, or even nullify the contract (depending on your contingencies)—that’s why inspections can be stressful for both the buyer and the seller.
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