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Property Discovery
Posted on September 12th, 2009 No commentsIn the purchase of your new Tucson home, it is important to take the time to uncover any issues, including actual or potential hazards in the home you are looking to buy. This period of time, which occurs from the time an offer is accepted, until the completion of the inspection period is called “Discovery.” Just like in a court case, as a buyer purchasing a residential resale home, you have a set period of time (in resale purchases it is 10 days) after the date your contract is accepted to perform all of your inspections, and discover as much as you can about the property. This discovery period may include any or all of the following: disclosures from the seller and/or the listing agent of the home, home inspections, termite inspections, and possibly other types of specialized inspections (including, but not limited to roof, mold, lead, asbestos, & other types of in-depth environmental analysis). If you are interested in doing additional inspections (above and beyond a typical home inspection, Sarah Ley can help coordinate these efforts, and she can recommend providers of these types of inspections.
In today’s market, you may be purchasing a home that is being sold without disclosures. This is common with bank owned homes, as well as estate sales, and sales of homes that are owned by investors who have never occupied the home. In these types of transactions, it becomes even more critical as a buyer to discover any latent defects the home may have. For this reason, you may wish to ask for an extended inspection period, to ensure that you have ample time to discover as much as possible about the home you are buying. It can be like peeling an onion, as there are many ‘layers’ in any home. For these reasons, it is important to have a professional Realtor acting as your guide to steer you through the process. Please call Sarah Ley to further discuss your concerns about your new home.
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