1. Property Inspections are typically conducted within 15 days of offer acceptance. Inspection fees are usually paid by you, but any costs associated with issues that surface, as specified in the contract, are negotiable with the seller. You should attend all inspections to gain first-hand knowledge about your property.
2. Structural Pest Control Inspection by a licensed structural pest inspector examines the home for evidence of termites, dry rot, earth to wood contact, water intrusion and other infestations.
3. Contractor Inspection includes plumbing, heating and electrical; structural elements; roof; safety features and building code compliance.
4. Other Inspections as needed may include structural engineers, surveyors, and experts in soils, roofs, fireplaces, underground storage tanks and environmental hazards.
5. Final Loan Commitment occurs once the lender appraises the property, reviews the purchase contract, title report and other documents.
6. Home Warranty is purchased by either you or the seller to protect you against unknown defects and failures in systems and appliances.
7. Removal of Contingencies occurs once inspections are completed and you have received final loan approval.
8. Review and Sign Loan & Closing Documents is the final step in the escrow process. Be sure to bring your valid driver’s license or passport to the signing appointment.