What is the standard time allowed to have a home inspection completed once the contract has been signed by both parties?
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What is the standard time allowed to have a home inspection completed once the contract has been signed by both parties?
Signed a home purchase contract and was given a 7-day window to complete the home inspection. Received the contract dated 4 days earlier. Does the 7-day window include holidays & weekends or should it be 7 business days.
Asked on October 3, 2011 under Real Estate Law, Arizona
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
If you have a written purchase contract for the property that you want to buy, you need to carefully read its terms in that its controls the obligations owed to you by the seller and vice versa in the absence of conflicting state law.
Unless the home inspection contingency period in your purchase contract excludes the weekend, the seven (7) day period most likely is the period from the date you signed the contract running consecutive days. If you are getting backed up on the home inspection for the property, perhaps an addendum can be signed extending the seven (7) day period for the home inspection.
It is always a wise idea to have a third party inspector look at a desired property before close of escrow to uncover potential hidden problems with the structure.
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