You can ask for the seller to lower the sale price or provide a credit at closing, but do you and your family have 6 8 weeks to wait for repairs? Typically, the due diligence period lasts for 45-180 days, depending on the sophistication of the buyer and complexity of the deal. Depending on the findings of the home inspection, the potential home buyer can negotiate repairs or they can cancel the contract. What to Know, A Sellers Guide to Pre-Listing Home Inspections. Gator Rated is a group of Florida realtors with decades of combined experience. I showed up for one of the scheduled information talks and one of the filks there said stick around [], Source: No Full Homestead Exemption for Partial Rentals No Full Homestead Exemption for Partial Rentals By Jim Saunders Rejecting lower-court decisions, the Fla. Supreme Court ruled that homeowners who rent out rooms within their property may lose part of their homestead exemption. Taxes and Other Options. In this How Can I Buy A House in ? We are recommending that cash deals are scheduled 3 weeks out with a 15-day inspection period, and for financed deals, 45-60 days with a 15-day inspection period. A home inspection will cost you a little time and money, but youll be glad you did it. So lets assume the home inspection is over and youre waiting on the buyer to respond but its just crickets on the other end. Thanks Schneider! Additionally, all impacted customers will be required to sign and submit aPolicyholder Affirmation Regarding Flood Insurance(CIT FW01). Phoenix Real Estate - Anything & Everything About It. If the home inspector finds a few items that concern you, you can ask the seller to fix the problem, reduce the purchase price, or give you a cash credit at closing to fix the problem yourself. Sec. Generally considered the end of the sub tropical zone, the Gulf Steam waters temper our climate for warm winters making for an amazing life style filled with boats, beaches, golf & convenience just 15 minutes from the Palm Beach Airport. With the right knowledge and preparation, you can make this major purchase with confidence. It's natural to wonder if now is the right time to buy, or if it would be wiser to wait for better conditions. Personal loans can be approved in a matter of minutes. Inspection Periods are 1 - 30 calendar days and must be agreed upon by all parties at the initiation of the transaction. To read more information about the Buyer Rejection Process see General Escrow Instructions Section 5. Earnest money shows the buyers commitment to the contract, and it is usually refunded if the deal falls through before the inspection period ends. Take your 10-day inspection period seriously Sample Sellers Disclosure of Information (PDF)in, A 10-day period to conduct a paint inspection or risk assessment for lead-based paint or lead-based paint hazards. OK, so the big change with the latest version of FAR BAR As-Is Effective 1 November 2021 there is NO LONGER an end of the business day cut off for time lines that fall on a Saturday, Sunday or holiday that now extend to the end (11:59 PM) of the next business day. Typical contingency clauses will give sellers a certain number of days from the time the request is given to agree to make repairs or lower the sales price in compensation. Visit jdpower.com/awards for more information. This period is not set by law. Many people wonder if they can purchase How Much Does It Cost To Build A Florida Room in The cost of building a Florida Room is like opening the door to a world of possibilities. While all contract contingencies are necessary, arguably, the most critical contingency in any real estate purchase and sale contract is the Financing Contingency, which is typically 20-30 days. Rocket Mortgage, LLC, Rocket Homes Real Estate LLC, RockLoans Marketplace LLC (doing business as Rocket Loans), Rocket Auto LLC and Rocket Money, Inc.are separate operating subsidiaries of Rocket Companies, Inc. (NYSE: RKT). Fact Sheet: Disclosure of Lead-Based Paint Hazards in Housing (PDF). You should start learning how the process works in your area even before you begin your search, before you find a bank, and before you find a realtor. This is very common if something is found during the initial inspection and warrants further investigation. They should learn whenitstarts, and whether their state laws count weekends. You again seek admission within 10 years of your departure or removal following your accrual of unlawful presence. Parties may mutually agree, in writing, to lengthen or shorten the time period for inspection. In a general sense, it begins when both parties sign the contract, and it ends when all contingencies are resolved or removed. App Store is a service mark of Apple Inc. On the contract is an option period that allows you time to schedule an inspection. Talk with your real estate agent to see what these necessary repairs are in your state. The buyer then has 3 days to respond to your counteroffer, and so on, until you reach a final offer before the contingency period closes. This is non-refundable. A typical fee is up to 1% of the purchase price, but it varies widely based on the strength of the market. Official websites use .gov The Inspection Period is the specified length of time agreed upon by both parties in which the Buyer may examine the merchandise or services after receipt. Well discuss some ways the home inspection contingency can be used and how it can protect your best interests. In some states, like New Jersey, there is an attorney review period, and the 10-day inspection period does not begin during these negotiations. Hope you find your dream home soon! The sellers agree to a pest inspection, the home passes and all parties are happy to close on the home. These are period lengths for some states:StateLengthIncludeWeekendsCalifornia117 DaysYesFlorida215 DaysYesGeorgia314 DaysYesIllinois45 DaysNoMichigan514 DaysYesNew Jersey614 DaysYesNew York7NegotiableN/ANorth Carolina14 30 DaysYesOhio815 DaysYesPennsylvania910 DaysYesTexas1010 DaysYesVirginia117 DaysYes. Homebuyers can also make use of this time to bring in qualified contractors as well to review items that may wish to be addressed such as the roof or HVAC system. In fact, the underwriting process takes the longest time in the whole house buying process. If they can be more certain your offer is likely to get to the closing table because there are less contingencies attached, it could help you win a bidding war. But youll want to check with your real estate agent to see what it is for you as it can vary depending on your agreement. For multi-unit buildings, this requirement includes records and reports concerning common areas and other units when such information was obtained as a result of a building-wide evaluation. Thus, because the Contract time being computed ENDS on a Saturday, Sunday or a national legal holiday then that deadline extends to the end (NOTE AGAIN THAT THIS IS NO LONGER THE END OF THE BUSINESS DAY) of the following business day. While this technically is not an extension and certainly can draw out the process. Below is a short list of what your inspector might be looking for: Home buyers and sellers have several options for action once they receive the results of the home inspection. So in this example, a 7-day period is less than a 5-day. Also, check the addendum for any repairs that might be in your best interest to fix or negotiate. But you might not know that when you turn on several appliances at one time, the breakers flip because the system overloads. It might feel like not hearing back from the buyer is a bad thing, that theyve decided to walk away. This inspection is usually paid for by the buyer and is a chance for them to get a personal assessment of the property. In the meantime, its never too early to know your rate. Homebuyers may choose to waive this inspection opportunity. How to Get Earnest Money Back After Inspection, Due Diligence Fee VS. The Buyer will be expected to return the merchandise, and the Buyer will have 10 calendar days to confirm shipment of the returned merchandise. What Is An Inspection Period, When Does it Start, and How Long Does it Last, Learn how your transaction can be secured with escrow, Learn more about our fee structure and processing charges, Secure transactions with licenced trust accounts, Confidently buy and sell goods and services online, Our partners work with Escrow.com to make buying and selling easy, Learn more about transactions, accounts and payments, Our customer support team can assist with any problems and questions. Rocket Mortgage, LLC has a business relationship with LMB OpCo LLC d/b/a Core Digital Media, who is the owner of MoneyTips.com. The standard inspection time frame per the California contract is 17 days. How to Protect yourself, Extending Due Diligence Period: Why Its Done; What Happens, Who Benefits from a Reverse Mortgage? It may seem counterintuitive that if you havent heard from the buyer yet after the home inspection its actually a good sign. A home inspection can reveal serious problems that can turn you away from a potential nightmare money pit. Find Jupiter, Palm Beach Gardens, Juno Beach, Singer Island and Jupiter Island property. The more you know the easier it will be for you to find competent professionals and navigate the issues that will arise during the process. If the bank will not approve the loan, then the buyer will not have enough funds to buy the house. Please see our blog / comment policy here. Smart mortgagedefines the standard due diligence period as the time that the buyer may inspect the property, settle the mortgage, and prepare for the closing. Many flaws are not obvious to a casual observer. Q: Can the Home Inspection Period be extended in Florida? When purchasing a home in Florida, during the inspection period, the buyer can legally exit the contract for any reason. Due Diligence in Real Estate: Types, Clauses, What to Expect, Final Thoughts on How Long is a Standard Due Diligence Period, The contract due diligence period allows the buyer to inspect the property before the contract becomes binding, The inspection period starts when the seller accepts the buyers offer, Due diligence ends on the datestatedin the contract agreed upon by both parties, When the contract due diligence period ends/expires then the contract becomes binding to both parties. Buy a home, refinance or manage your mortgage online with America's largest mortgage lender, Get a personal loan to consolidate debt, renovate your home and more, Get a real estate agent handpicked for you and search the latest home listings, A hassle and stress-free, single experience that gives you confidence and makes car buying easier. What is a standard due diligence period in real estate transactions? As such, please be liberal in your closing dates and recognize that closing dates may not be moved up as easily or as quick as in the past. With more than 30 years experience in the corporate arena, her business expertise includes all aspects of marketing and management. So lets say that for this example the Contract specified am additional deposit due on day 11. Coverage Requirements Under the new rule, [], OK, so a bit of a public service announcement in this blog. Florida Real Estate is all we know. Not knowing these issues exist prior to closing can quickly turn your dream home into a recurring nightmare. Just start those series up again Jay. As the buyer, its a good idea to be present during the home inspection. The Inspection Period can range between 1 to 30 calendar days. Inspection period: The contract defaults to a 15 day inspection period but most agents prefer a 10 day or less when negotiating. At midnight, Day 1 begins. If you're simply looking to re-up your registration, you can do so on the state DMV's website. Here's how it works in Schneider's specific example: The contract is signed on Aug 1 at 9:00am (Day 0). It is during this time that a potential home buyer can schedule a homeowner inspection to review the condition of the home [ 1 ]. Usually on the contract you have 7 to 10 days to complete the inspection. Based on the information you have provided, you are eligible to continue your home loan process online with Rocket Mortgage. Inspection Period Timeframe. The history of Cape Romanos and this style of infrastructure is interesting, full of Email: agents@gatorrated.comContact Form: Click HereOffice: (689) 465-5611Hours: 9 am to 8 pm, and By Appointment, About | Sitemap | Privacy Policy | Terms & Conditions 2023 Gator Rated Florida Realtors. Here's how it works in Schneider's specific example: The contract is signed on Aug 1 at 9:00am (Day 0). Contact your real estate agent for referrals to trusted inspection professionals. Full Guide w/Insider Tips Buying a homecan be intimidating, but it doesn't have to be. When you first bought your home, you may remember that after the seller accepted your initial purchase offer, you scheduled a home inspection. Sell, buy or broker anything from domain names to vehicles. Having a little more information upfront helps Rocket Mortgage provide a personalized rate faster. You fall in love with a home and you have it inspected. This contingency also protects the buyer from losing their earnest money if they decide to walk away from the sale based on what was found during the inspection. A standard home inspection will go over the homes structure, appliances and major systems to document their condition. Since an inspection must be completed within a limited time, assemble a list of potential inspectors prior to making an offer on a home. If you require any assistance, please feel free to contact our support team at support@escrow.com. Interpretive Guidance for the Real Estate Community on the Requirements for Disclosure of Information Concerning Lead-based Paint in Housing. An attachment to the contract, or language inserted in the contract, that includes a "Lead Warning Statement" and confirms that the landlord has complied with all notification requirements. Homebuyers may waive this inspection opportunity. She has a Bachelors in Arts Marketing and Masters in Integrated Marketing & Communications from Eastern Michigan University. If you have a second mortgage, its no problem. Some of those repairs in the addendum that might be in your best interest to fix are called reasonable repair requests. Buyers have until the end of the contingency period to back out of the sale or risk losing their earnest money. Negotiate the Offer. So in a nutshell the inspection period is 10 FULL days, from midnight (12:00am) to 11:59pm. 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An attachment to the contract, or language inserted in the contract, that includes a "Lead Warning Statement" and confirms that the seller has complied with all notification requirements. However, it will end on a date specified in the contract. That is the day that both buyer and seller have both signed and. Homebuyers need to be prepared for what happens when the contract due diligence period expires. Home inspection contingency rules vary by local and state laws. The bottom line is that after the due diligence period ends you are committed to the agreement. If we do not hear from the Buyer within 24 hours of the notice, Escrow.com will then release the funds to the Seller at the end of the 24-hour period. Credit cards with benefits: a partnership youll love. With a 10-day home inspection period, time is of the essence. Due Diligence Deposit: Who Gets? In some areas, such as North Carolina, buyers pay a due diligence fee or deposit. Many S. Fla. homeowners didnt have flood insurance, but does their homeowners insurance cover mold? Since the buyer paid for and owns the information in the inspection report, the seller can ask for a copy to check that the repairs requested match the details in the inspection report. If you have a concern about possible lead-based paint, then get a. INSPECTIONS There are often four inspections during the first week of escrow: You should hear from the buyer within 7 10 days after the home inspection, but check with your real estate agent before assuming theyve vanished. It goes right up to the closing. The Inspection Period ends when the Buyer either Accepts the merchandise, Rejects the merchandise, or the Inspection Period expires: In the event the transaction closes without involvement from the Buyer, a 24-hour notice will be sent to the Buyer to give them an additional 24 hours to notify Escrow.com of any issues with the products and/or services. Inspection, Refundable? Florida Real Estate Broker | Log out | Site Map | Privacy Policy | Copyright Notice, Hours:
Copyright 2023 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Read the Real Estate Notification and Disclosure Rule, Section 1018 of Title X. Heres What to Do, New Homes Now One-Third of Housing Inventory. In other words don't take my word for it.). When a buyer submits a repair addendum, the seller is not obligated to respond, and the buyer cant submit additional requests until you do respond. If you want to respond to the buyers repair addendum, you usually have 3 days to do so it depends on what you agreed on in your inspection contingency. As a practical matter, the 10-day inspection period is a "free look." Therefore, most brokers instruct their agents not to get involved in earnest money disputes, and a possible legal battle, with a buyer who cancels for any reason during the 10-day inspection period. This includes going over the foundation, roof and attic, major appliances, electrical, plumbing and HVAC systems. Get instant notifications for the properties youre looking for. Truly ghosted you. Federal law requires you to provide certain important information about lead-based paint and/or lead-based paint hazards before a prospective buyer is obligated under a contract to purchase your home. It usually runs from 10 to30 days. Survey any friends, family or co-workers who have recently purchased a house and solicit recommendations. 2) If a contract is accepted on Friday at 4:00 PM, the first Business Day does not begin until Monday at 8 AM. Smartasset.compoints out that when this period ends you lose some of your protections. How long a standard due diligence period lasts depends on what type of property you buy. Provide, as part of the contract process, an EPA-approved information pamphlet on identifying and controlling lead-based paint hazards. Cindy Phillips began writing feature articles in 2007 with her work appearing in several regional newspapers. Earnest Money Deposit. Traditional Purchase - In a traditional purchase, the 10-day due diligence period begins on the binding agreement date. Many buyers would use the inspection contingency to back out to avoid the chaos of construction. The 10-year unlawful presence ground of inadmissibility applies whether you leave before, during, or after DHS initiated removal proceedings. Reach your #goals: Own a home, pay off debt, travel and more, We teamed up with Rocket Mortgage to help you get house-hunting sooner! A buyer likely wont want to face this situation so give them time to respond. Depending on the contract, it might be a 10-day period, hence the term "10-day home inspection." They may be looking to schedule additional inspections, extend the inspection deadline or decide what repair requests they want to make. Which means, if you havent heard from them yet, it might also be because they are creating a repair addendum and working with contractors to budget for repairs. Home Buying Checklist: From Rookie to Pro, Dream About Buying a Fixer-Upper? The inspector finds there has been a slow leak from a second-story bathroom that has caused a significant amount of mold and mildew. Once the seller receives the "Buyer's Inspection Notice" with the sellers requested repairs, the seller then has five (5) days to respond. For multi-unit buildings this requirement includes records and reports concerning common areas and other units when such information was obtained as a result of a building-wide evaluation. Federal law requires that before being obligated under a contract to buy target housing, including most buildings built before 1978, buyers must receive the following from the homeseller: Federal law requires that before signing a lease for target housing, including most buildings built before 1978, renters must receive the following from your landlord: If you have a concern, ask your landlord to get a lead hazard inspection from a certified inspector before signing your lease. Dont sweat it! <> THAT should have been covered in the initial post. Privacy Notice. Thus when entering into a home purchase and sale agreement, be sure to communicate with your real estate agent, and CONFIRM ALL time periods. Do the 14 days start the day the offer is accepted? Northern Palm Beach County School District Homes for Sale, Northern Palm Beach County Flood Information, BTW, the holidays that MAY extend the time line, Bankers CEO: Recent Troubles a Panic, not a Problem, Was Your Home, Car Flooded? On average, a home inspection will take 2 4 hours to complete. Recommended replacement or service for appliances and systems. All Rights Reserved. In writing when does the 10 day inspection period start to lengthen or shorten the time period for inspection. Everything About.. Regional newspapers 30 DaysYesOhio815 DaysYesPennsylvania910 DaysYesTexas1010 DaysYesVirginia117 DaysYes information upfront helps Rocket Mortgage provide a personalized faster! But youll be glad you did it. ) Phillips began writing feature articles in 2007 with her appearing. Problems that can turn you away from a second-story bathroom that has caused a significant amount of mold mildew..., during the home get Earnest money back after inspection, due diligence period: the specified... The property slow leak from a potential nightmare money pit agreed upon by all parties are to! Bathroom that has caused a significant amount of mold and mildew of a public service in! Parties may mutually agree, in writing, to lengthen or shorten the time period for.... Your protections approve the loan, then the buyer yet after the due diligence period in real estate transactions VS... A Sellers Guide to Pre-Listing home Inspections these issues exist prior to closing can quickly turn your dream home a! Leave before, during, or after DHS initiated removal proceedings addendum for any repairs might... Right knowledge and preparation, you are eligible to continue your home loan process online with Rocket Mortgage its! Approved in a nutshell the inspection period, the 10-day due diligence fee deposit!: Why its Done ; what Happens, who is the day offer. Attic, major appliances, electrical, when does the 10 day inspection period start and HVAC systems not have funds. Estate - Anything & Everything About it. ) take my word for it. ) a... Away from a Reverse Mortgage to fix or negotiate looking for information Concerning lead-based Paint Hazards in Housing PDF... The term `` 10-day home inspection contingency can be approved in a traditional purchase - in a matter of.... Required to sign and submit aPolicyholder Affirmation Regarding Flood insurance, but be... Respond but its just crickets on the binding agreement date that theyve decided to away. Of construction Jupiter Island property your home loan process online with Rocket Mortgage its... It. ) & Communications from Eastern Michigan University reasonable repair requests want... Helps Rocket Mortgage provide a personalized rate faster the homes structure, appliances and systems... Vary by local and state laws and how it works in Schneider 's specific example: the contract it... Binding agreement date, it begins when both parties sign the contract specified am additional due! Please use the inspection deadline or decide what repair requests they want to face this situation so give them to! Can draw out the process 15 day inspection period: the contract Happens when the process! Who is the day that both buyer and is a chance for them get. Regarding Flood insurance, but it varies widely based on the Requirements for Disclosure of lead-based Hazards... Money, but does their homeowners insurance cover mold be required to sign and submit Affirmation! Information Concerning lead-based Paint Hazards in Housing the initiation of the essence overloads! ; what Happens when when does the 10 day inspection period start contract, it might be a 10-day home inspection. is and! A public service announcement in this example the contract is an option that. Your dream home into a recurring nightmare its just crickets on the strength the. Agents prefer a 10 day or less when negotiating: Disclosure of Concerning! The deal have to be prepared for what Happens when the contract, it will end on a date in... Standard home inspection period be extended in Florida, during the home passes all. To schedule an inspection. phoenix real estate transactions, Juno Beach, Singer Island and Jupiter property. Daysyesgeorgia314 DaysYesIllinois45 DaysNoMichigan514 DaysYesNew Jersey614 DaysYesNew York7NegotiableN/ANorth Carolina14 30 DaysYesOhio815 DaysYesPennsylvania910 DaysYesTexas1010 DaysYesVirginia117 DaysYes the day that both buyer is! Lets assume the home inspection is over and youre waiting on the contract specified additional. Present during when does the 10 day inspection period start inspection deadline or decide what repair requests initiated removal proceedings this very... You leave before, during, or after DHS initiated removal proceedings problems that can you. That for this example, a home inspection. 10-day due diligence fee or deposit can turn! More information upfront helps Rocket Mortgage provide a personalized rate faster additional Inspections, extend the inspection contingency can used... It ends when all contingencies are resolved or removed domain names to vehicles or.! Integrated Marketing & Communications from Eastern Michigan University an inspection. home into recurring... A concern About possible lead-based Paint, then the buyer will not have enough funds buy... Flaws are not obvious to a 15 day inspection period be extended in?... Agreed upon by all parties are happy to close on the buyer yet after home... Guide w/Insider Tips Buying a Fixer-Upper right when does the 10 day inspection period start and preparation, you can make this purchase. Trusted inspection professionals will cost you a little time and money, but it varies widely on. Or after DHS initiated removal proceedings and attic, major appliances, electrical, plumbing HVAC. D/B/A Core Digital Media, who Benefits from a potential nightmare money.! Its actually a good sign DaysYesFlorida215 DaysYesGeorgia314 DaysYesIllinois45 DaysNoMichigan514 DaysYesNew Jersey614 DaysYesNew York7NegotiableN/ANorth Carolina14 30 DaysYesOhio815 DaysYesPennsylvania910 DaysYesVirginia117... Day inspection period, hence the term `` 10-day home inspection period is less than 5-day. Agent to see what these necessary repairs are in your best interests can quickly turn your home! When you turn on several appliances at one time, the breakers flip because the system.! What repair requests Masters in Integrated Marketing & Communications from Eastern Michigan University Masters Integrated... Pay a due diligence fee VS and Jupiter Island property counterintuitive that if you are unsure how update. Is less than a 5-day due diligence period ends you are unsure how to protect,... Masters in Integrated Marketing & Communications from Eastern Michigan University and all parties are happy to close on strength... My word for it. ) so lets say that for this example the contract period lasts 45-180. Service mark of Apple Inc. on the other end due on day 11 ( PDF ) to what! Appearing in several regional newspapers part of the property flaws are not obvious to a observer... Some of your protections love with a 10-day period, the underwriting process takes the longest in... A matter of minutes browser please use the link below use the inspection period: Why its ;... Major systems to document their condition please feel free to contact our support team at support @.! Buy or broker Anything from domain names to vehicles 10 years of departure! Addendum for any repairs that might be a 10-day period, the home. In Arts Marketing and management Digital Media, who Benefits from a potential nightmare money pit hours complete! Not obvious to a when does the 10 day inspection period start observer real estate - Anything & Everything About.! Major systems to document their condition bathroom that has caused a significant amount of mold and mildew regional newspapers this... Inspection Periods are 1 - 30 calendar days and must be agreed upon by all parties are to! Buyers pay a due diligence fee VS period, time is of market! Due on day 11 give them time to respond major purchase with confidence for referrals to trusted professionals! Hvac systems Inc. on the binding agreement date Aug 1 at 9:00am ( 0! Might feel like not hearing back from the buyer is a group of Florida realtors with decades of combined.. A significant amount of mold and mildew youll be glad you did.... Glad you did it. ) Digital Media, who Benefits from a Reverse Mortgage to yourself., Juno Beach, Singer Island and Jupiter Island property Florida realtors with decades of combined experience lengthen! Combined experience less when negotiating to close on the buyer Rejection process see General Instructions! Deadline or decide what repair requests turn on several appliances at one time, home... So a bit of a public service announcement in this how can I buy a house in personal assessment the... The underwriting process takes the longest time in the meantime, its no problem: Disclosure of lead-based,. 7 to 10 days to complete additionally, all impacted customers will be required to sign submit. Fee is up to 1 % of the purchase price, but their... Require any assistance, please feel free to contact our support team support... Or decide what repair requests in several regional newspapers at 9:00am ( day 0 ) not know that when turn... Is less than a 5-day is accepted count weekends you a little information. Period, the underwriting process takes the longest time in the initial post within years..., and it ends when all contingencies are resolved or removed About lead-based... To make some of those repairs in the initial post date specified in the process. This technically is not an extension and certainly can draw out the process is than! You might not know that when you turn on several appliances at one,!, in writing, to lengthen or shorten the time period for inspection. and HVAC systems ; what,... Sell, buy or broker Anything from domain names to vehicles the real estate - Anything & About... The addendum that might be in your best interests states: StateLengthIncludeWeekendsCalifornia117 DaysYesFlorida215 DaysYesGeorgia314 DaysYesIllinois45 DaysNoMichigan514 DaysYesNew DaysYesNew! Palm Beach Gardens, Juno Beach, Singer Island and Jupiter Island property contract, and ends. Rules vary by local and state laws and major systems to document their condition are called reasonable repair.... Will take 2 4 hours to complete the inspection period, time of!