Page 9 - 7 step guidebook for buyers 2018

9

Watch your timelines and document everything

The RPA (residential purchase agreement) has specific timelines that
need to be followed.

Typically, the seller will have 7 days to provide you with everything they

know about the property. You (the buyer), typically have 17 days to
complete your inspections and request repairs.

All homes are sold “AS IS”. Do not get scared by this, if the contract is

written correctly, you are agreeing to the AS IS clause, but you will have
time to complete inspections and request repairs. The seller has no

obligation to complete the repairs, although this usually spurs some type
of negotiation.

If you complete your inspection and find something that needs to be

repaired, that request is done on paper. The seller does not have to
complete any repairs; if this is a deal breaker for you, as the buyer, can
cancel the contract and look for another home.

Again, as a buyer, you would really benefit by having a REALTOR
represent you. I would love for you to hire me, but if you don’t for

whatever reason, please hire a pro. The contract can be very confusing,
you don’t want to pay more than you should or lose your deposit
because you missed a timeline or signed the wrong document.

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Caruso Downtown Real Estate 425 10 Ave, San Diego CA 92101 619-708-5478 Pete@CarusoDowntown.com
CarusoDowntown.com