Will I need to pay for anything until I close on the house?
Yes, be prepared to pay for inspections and maybe even the appraisal at the time of the inspection or service. While some of these items sometimes are negotiated for the seller to pay, a lot of sellers are requesting that the buyer pay for any inspections that are necessary for the buyer’s purchase.
According to our contracts in New Mexico, you have a ‘due diligence’ period in which to get all of your inspections done that you want performed to satisfy your questions on the property. Some inspectors will require payment at the time of inspection. Some will waive the fees until you close. Just be sure when you are preparing to purchase a home, that you factor in some of these early ‘out of pocket’ expenses.
If you have any questions that you would like answered, simply post a question below and I’ll get to it right away!