Category - Property Inspection
The inspection is completely in your control. You can choose whoever you want to complete the inspection and you can also have multiple inspections done if you so choose. Unless you know an inspector for whatever reason, ask your real estate agent for a reference he/she should have a main inspector he/she works with or maybe a couple. Expect to pay somewhere around $300-$500 for a standard size house in California.
Be there! Pay attention and take notes. The inspector will provide you with a folder that includes warning signs, things that may need repair, things that may not be up to code, etc. You will be in a whirlwind of emotions after the inspection. How can your dream home need so many repairs? Remember that the inspector's job is to be picky and to write down everything they see. You may end up with a laundry list of items, remember that some are more important that others. What you really want to be concerned with is wether or not this home is livable, if the water pressure is fine, is the roof ok, etc. Basically the big things that can cost you thousands of dollars to repair.
Once the general and termites inspections are done, you receive the seller's disclosure documents, your agent's inspection and the listing (seller's) agent inspection. Start a list of everything that needs to be repaired and see if you can get a cost estimate for them.
One thing to keep in mind here, if you requested credit instead of repairs and these credits are higher than your total closing costs your mortgage company may reject it. So confirm the amount, verify if it is higher than your closing costs and contact your realtor and lender to figure out the next steps. You may need to lower the price of the property again which will require a few days to redo a bunch of papwerwork