Casco, MI asked in Real Estate Law for Michigan

Q: How long after a home inspection is complete do the potential buyers have to agree to go forward with the purchase?

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2 Lawyer Answers
Kenneth V Zichi
Kenneth V Zichi
Answered
  • Howell, MI
  • Licensed in Michigan

A: That depends on what the offer says about accepting or challenging based on the results of an inspection. It can be within 24 hours, 48 hours 72 hours or some other figure ... there is no 'one right way' to proceed. The offer controls. THAT is why it is critical to have a licensed attorney review the offer BEFORE it is made / accepted to insure all the bases are appropriately 'covered'.

-- This answer is offered for informational purposes only and does not constitute legal advice or create an attorney/client relationship.

I am licensed to practice in Michigan only. Please seek competent local legal help if you feel you need legal advice

David Soble
David Soble
PREMIUM
Answered
  • Farmington Hills, MI
  • Licensed in Michigan

A: That will all depend on the terms of the purchase agreement. Typically the buyer has 7 days from the date of the signed purchase agreement to perform an inspection (hire your own inspector - not one referred by your sales person). If there is a problem or concern raised by the home inspector, you usually will have 2 days from the date you recieve the home inspection report, to inform the Seller. These time frames can be negotiated. Hope this helps. See more at www.ProvenResource.com

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