Virtually every contract we write for homebuyers includes a Property Inspection Addendum. This addendum indicates what types of inspections the buyer would like to do and outlines how repairs, if necessary, are to be resolved between the buyer and the seller.
The Property Inspection Addendum is a bit like a takeout menu. Minimally, most buyers select a structural and mechanical inspection, which will permit them to examine all the major components found in most homes – things like the plumbing, electrical systems, heating and air conditioning, appliances and the home’s basic condition. However, depending on the buyer’s level of concern and the type of home being purchased, they might also select other items from the Property Inspection Addendum, such as mold or a chimney inspection.