Pre-Purchase (Buyer's) Inspections

This type of inspection is usually performed after a property has been put on the market by a seller but before a potential buyer has taken possession of the property prior to the closing contract.  The buyer will usually sign a conditional offer with the seller prior to ordering this type of inspection.  If a property fails to meet the buyer's expectations as a result of the inspection, then the sale may fall through.  In many cases, a Buyer's Inspection will help both the buyer and the seller to identify damage or other problems that may exist with a property so that both parties can either renegotiate the selling price or the seller's responsibilities to repair the property at the seller's expense prior to the final close. 

 

Pre-Listing (Seller's) Inspections

This type of inspection is usually performed by a seller before a property is listed or announced for sale.   The property owner will perform a Seller's Inspection to determine what damage or other problems exist with a property in order to determine factors such as fair market value, discount values, or any pre-listing expenditure necessary to increase the value and desirability of the property.