Short Inspection Contingency, You’re Going to Have a Bad Time

Occasionally, Realtors feel compelled to write a real estate purchase contract (REPC) with an expedited close of escrow date. Make sure you always leave enough time for your home inspection contingency.

For the average home buyer, its absolutely critical that they order their home inspection as soon as they have an accepted REPC. This is beneficial to the buyer because they have to remove their home inspection contingencies within a certain designated time period. And in a fast COE, doing your do diligence faces some serious time constraints. While each real estate purchase contract sets their own close of escrow time.… Typically 30 days for financed offers an approximately 15 days for those rare all-cash deals.

Remember when it comes to real estate… time is of the essence.