Inspections 

When you accept an offer to purchase your home, the buyer has a ten-day inspection period in which to have your home inspected. A home inspection is a systematic examination of the systems and components of a house. Think of it as a comprehensive “check-up” of the property. Inspectors, who are “disinterested third parties,” commonly inspect the following items: 

Termite
This is a required inspection for homes sold in Arizona by many but not all lenders. The purchase contract states the inspection fee is to be paid for by the buyer. The buyer selects the termite inspector and the property must have a clear termite report before closing escrow (if required by the lender). 

Physical
This is optional, but will be highly recommended to the buyer by his/her agent. The buyer may inspect the property him/herself or hire an inspection company. Depending on the size of your home, the inspection may take several hours. When complete, the buyer will receive a full written report with all the findings. From there, they have an opportunity to respond, in writing, to any item they feel is necessary to have repaired or replaced. The time frame for your response to their request is stated in the purchase contract and your agent will help you negotiate the repairs and prepare a response to their requests. 

Other Inspections:
The buyer may consider it important to have additional inspections such as structural, Radon, mold, pool and spa, or roof conducted. As in a physical inspection of the property, the buyer will receive a written report of the findings and will contact your agent with repair requests, if any. 

After both parties agree on the necessary repairs, your inspection contingency will be removed. No response by the buyers within the time period specified for inspections in the contract (usually 10 days) means they have accepted the property “as is.”