Buying Your New Home
If the seller likes everything except the sale price, the proposed closing date or the basement pool table you want left with the property, you may receive a written counteroffer with the changes the seller prefers. You are then free to accept or reject it or to even make your own counteroffer. For example, “We accept the counteroffer with the higher price, except that we still insist on having the pool table.”

Each time either party makes any change in the terms, the other side is free to accept or reject it or counter again. The document becomes a binding contract only when one party finally signs an unconditional acceptance of the other side’s proposal.

HOME INSPECTORS

Before purchasing a home, you want to ensure it is in good condition. A home inspection is an evaluation of a home’s condition by a trained expert. During a home inspection, a qualified inspector takes an in-depth and impartial look at the property you plan to buy. The inspector will evaluate the physical condition: the structure, construction and mechanical systems. Inspectors also will identify items that should be repaired or replaced and estimate the remaining useful life of the major systems (such as electrical, plumbing, heating and air conditioning), equipment, structure and finishes. After the inspection is complete, you will receive a written report of the findings from the home inspector, usually within five to seven days.

   
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