During: Contract to Close: Inspection and Due Diligence: Inspection Objection Deadline
The Inspection Objection Deadline is part of the Inspection and Due Diligence process and a deadline in our Contract to Buy and Sell Real Estate.
Determine Rent Comps
Now that you're under contract, it is time to double check rents for the property so you can object using the Inspection Objection if rents will not work for you.
Research comparable rental property rent rates.
We are testing a subscription service that provides rental comps, so ask your Real Estate Broker to pull a report on your property to see what rent comps are from that service.
You may also want to contact your Property Manager if you're going to use one to get an idea of what they think rents would be.
Mark this task done when complete.
Contract Deadline: Inspection Objection DeadlineInspectionUltimate Nomad ChecklistWeek 8
Hire Radon Test Company to perform Radon Test
If you've decided to have a Radon Test performed, hire Radon Test Company to do Radon Test ideally during the same time your Home Inspector will be there inspecting the property. It may even be the Home Inspector doing the Radon Test.
Mark this complete after you receive the results of your Radon Test if you decide to perform a Radon Test.
Contract Deadline: Inspection Objection DeadlineInspectionUltimate Nomad ChecklistWeek 61Week 9
Hire Sewer Scope Company to perform Sewer Scope
If you've decided to have a Sewer Scope performed, hire Sewer Scope Company to do Sewer Scope ideally during the same time your Home Inspector will be there inspecting the property.
If you have any problems, I strongly recommend paying the extra fee to get the video of the problem to provide as evidence with any Inspection Objection.
Mark this complete after your Home Inspection if you decide to perform a Sewer Scope.
Contract Deadline: Inspection Objection DeadlineInspectionUltimate Nomad ChecklistWeek 61Week 9
AT INSPECTION: Beware of audio/video recordings during inspection
As the ability to record audio and video gets less expensive and more easily accessible, be aware that a Seller may record audio and video of inside their home while you're at the inspection.
WARNING: Don't say or do anything at an inspection you wouldn't say or do right in front of the Seller. They may be recording you.
Yes, I'm paranoid, but just because I'm paranoid doesn't mean they aren't really recording.
Mark this task done when complete.
Contract Deadline: Inspection Objection DeadlineInspectionUltimate Nomad ChecklistWeek 8
AT INSPECTION: Check for CO detectors within 15 feet of each bedroom
Check to make sure that you have CO (carbon monoxide) detectors installed within 15 feet of each bedroom.
Some Lenders will have their Appraiser check to make sure they are there. If they're not, the Appraiser will charge you a second trip fee to go back out and check to make sure they are there before Closing. Easier to check at the inspection (with the help of your Home Inspector) so we can let the Seller's Real Estate Broker know to have them installed prior to the Appraiser going to the property for the Appraisal.
Mark this task done when complete.
Contract Deadline: Inspection Objection DeadlineInspectionUltimate Nomad ChecklistWeek 8
AT INSPECTION: Photograph important appliances
While at your inspection, if the appliances are important to you, photograph them and maybe photograph the model numbers of them.
It is exceptionally rare, but some Sellers may try to switch out appliances between the inspection and Closing. If you have photos of the appliances and the model numbers it will make it easier to show what was installed at the time of the inspection.
And, yes, I know I am paranoid.
Contract Deadline: Inspection Objection DeadlineInspectionUltimate Nomad ChecklistWeek 8
IF OBJECTING BASED ON INSPECTION: REAL ESTATE BROKER: Prepare "Inspection Objection"
If you're going to object to anything during your Home Inspection discuss what you're objecting to and have Real Estate Broker prepare an "Inspection Objection".
Make sure you wait to get all your reports back before objecting like your sewer scope, radon test results, and methamphetamine test results.
IMPORTANT: This must be done prior to your "Inspection Objection Deadline".
Mark this complete when you completed an "Inspection Objection" or if you're not going to object.
Contract Deadline: Inspection Objection DeadlineInspectionPaperworkUltimate Nomad ChecklistWeek 9
IF TERMINATING BASED ON INSPECTION: REAL ESTATE BROKER: Prepare "Notice To Terminate" and "Earnest Money Release"
If you find out information during your inspection period so egregious that there is no possible resolution with the Seller, you can choose to terminate and protect your Earnest Money.
Ask your Real Estate Broker to prepare a "Notice To Terminate" and "Earnest Money Release" prior to your Inspection Objection Deadline.
Mark this complete when done.
Contract Deadline: Inspection Objection DeadlineInspectionPaperworkUltimate Nomad ChecklistWeek 9
IF TERMINATING BASED ON INSPECTION: Sign "Notice To Terminate" and "Earnest Money Release" via DocuSign
If you find out information during your inspection period so egregious that there is no possible resolution with the Seller, you can choose to terminate and protect your Earnest Money.
Sign the "Notice To Terminate" and "Earnest Money Release" that your Real Estate Broker sends over to you via DocuSign. It must be delivered to the Seller and/or the Seller's Real Estate Broker prior to your Inspection Objection Deadline.
Mark this complete when done.
Contract Deadline: Inspection Objection DeadlineInspectionPaperworkUltimate Nomad ChecklistWeek 9
The are some significant concerns to be aware of relating to the Inspection Objection Deadline. Let’s look at these in detail.
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