Types of Inspections Smart buyers will stipulate a professional home inspection be made before closing as part of the sales agreement. Even though sellers are legally required to disclose known faults in most states, this contingency can help prevent the possibility of hidden flaws going unnoticed. Thus, inspections protect both buyer and seller. Other types of inspections include a radon inspection, and a termite inspection and the final walk through inspection. If the inspection reveals problems, the buyer may decide to look for a different home, demand that repairs be made, offer a lower price or ask that the seller setting aside funds for the needed repairs.
Most home inspections uncover some fault or other.
By law, the seller is required to report the inspection findings to any other prospective buyers. Even if the seller shows you the report from a previous inspection, the buyer will probably wish to have their own professional inspection carried out. Before Closing Scheduling an inspection may not be desirable during the hectic offer to closing period. But the buyer may insist the inspection and findings be completed within 7 to 10 days. Generally, the seller picks up the tab for the inspection.