Welcome or Register

Step 6 - Inspections

This next step in the purchase contract is referred to as "Inspections, Investigations & Reviews".  Within 10 days the following inspections and investigations are to be completed.

* home inspection
* termite inspection

* other inspections
* home owners insurance
* loan terms

A home inspection is not required by the lender.  It is strictly for a buyer's benefit.  It is for the purpose of providing an awareness of the overall condition of the property.  If significant repairs are needed it may be necessary to renegotiate or to cancel the contract.

Shopping for and selecting home owners insurance is part of the investigation process.  In some instances the cost of the premiums can be too high and force you into a lower purchase price.

You have five days to shop for acceptable loan terms, complete the application and to pay for the appraisal, or to cancel the contract. 

Upon completion of this step you then move into Step 7


Would you like to know:
* How much your home is worth
* How to inspire higher offers
* How long it can take to sell
* The answers to all of your questions
For a
selling consultation call Preferred Real Estate 580-470-8100
or one of our sales associates.  Agent Roster

Quick Search

view all



No Min.

No Max.

Sign in to save your favorite listings and to receive email updates on new listings!
Register Now   
Already registered? Login
*Contact Information is NOT Shared*

How Does Pre-Approval Affect My Credit Score?

What Credit Score Do I need?

What's The Difference In A Credit Score & Credit Report?

Do you have questions about selling your property?  Call Preferred Real Estate for a selling consultation. 580-470-8100

Preferred Sales associates:
Chris Bruhne  475-1320 - Heather Jolley  467-4569 - Katy Iverson   641-0656
Susan Shaffer  251-0618  - Jerry Shaffer, Managing Broker   251-0688

We are in your neighborhood at 1455 Chisholm Trail Pkwy.  Stop by for an office visit between 9 - 4:00 pm.
 Appointments can be scheduled for evenings and weekends.

Preferred Real Estate, Shaffer & Associates
Corner of Elk & Chisholm Trail Pkwy. (aka 29th street)
Duncan, Ok