Home Inspection

Home Inspection

HUD allows 15 days due diligence for inspections once the contract is ratified.  All inspections must be done during this period.  Obtain the utility activation form from the Field Service Manager (FSM) in order to get permission to turn on utilities.  The FSM will advise on what utilities may be activated.  Utilities are turned on in the buyer's name and generally for a defined period of 72 hours.

For a general idea of the condition of the property, refer to the PCR (Property Condition Report) under the addendum tab on the Property Details screen on the HUD website.  This is shows what the FSM found at the time they did the report, but this does not replace a home inspection.  AS HUD homes are sold "AS IS WHERE IS", the seller will do no repairs. However, if the home inspection results are not satisfactory to the buyer, the buyer may elect to be released from the contract as long as he or she is within the home inspection period.  

Should the buyer no longer wish to move forward, the selling agent must request a Release from the asset manager.  The Release dictates the disposition of the EMD.




Liz Schuyler
Liz Schuyler
Realtor
4000 Virginia Beach Blvd #164 Virginia Beach VA 23452