When is it common for buyers to request a home inspection?

The scenario in which buyers typically request a home inspection occurs after the option fee is paid but before the option period ends. This timing is crucial because the option period provides buyers with the right to back out of the purchase without penalty, as long as they do so within this timeframe.

During the option period, buyers often take the opportunity to conduct due diligence, which includes home inspections. This is an essential step for buyers to assess the condition of the property and identify any potential issues before finalizing the purchase. By performing the inspection during this window, buyers protect themselves from future expenses that could arise from undisclosed problems.

The practice of conducting inspections after the earnest money is deposited is not typically emphasized as a best practice because the earnest money is often tied to the commitment to proceed with the transaction. Waiting until after closing is too late, as the buyer would have already committed to the purchase without the inspection results. Additionally, only inspecting when visible signs of damage are present does not allow buyers to uncover latent defects that may not be immediately apparent, which would be a missed opportunity for thorough inspection and negotiation.