Conley Sales Group at COMPASS
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Closing & Transactions

How do inspections affect the closing process?

By Steve Conley

Short Answer

Inspection results can lead to renegotiation, repairs, or contract termination depending on the findings. The inspection period is a critical phase where buyers can request repairs or credits based on the inspection report.

Steve Conley, Principal of the Conley Sales Group at COMPASS

Steve's Advice

Steve Conley

Principal, Conley Sales Group at COMPASS

Inspections typically occur in the first 10 to 15 days after contract execution. If issues are found, we negotiate repairs or credits before the inspection period expires. This is the most common point of negotiation in a Keys transaction.

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More Questions

More questions in Closing & Transactions

What are typical closing costs for buyers in the Keys? How long does closing take in the Keys? What is a title search and why is it important? Can I close on a Keys home remotely? What happens during a Keys home closing? Do I need an attorney for a Keys real estate closing? What is earnest money and how much should I offer? What is a seller's net sheet? What should I bring to closing?

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