Step 6: Inspections
After your offer is accepted, you need to get inspections done. In Texas, you are given a small grace period window where you can back out of your offer and only loose your earnst money (which for us was $100). During this grace period is when you are going to want to get all of your inspections done.
This is another thing to add to your budget because as the buyer, it is your responsibility to pay for these inspections. For our house, we had a general home inspector, a termite inspector, a pool inspector and a foundation inspector.
It wasn't cheap and wasn't something we had budgeted for... HOWEVER, I am so glad we did. Each inspector found something and we were able to counter our offer to the seller after finding out the things we did.
The main thing was that the foundation needed work and we had the seller fix this before purchasing our home.
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