If you are a seller who is using escrow services, it is very important to make sure that your home is readily available for all appraisals and inspections. Preparation of statements and meeting any contingencies you agreed in your purchase agreement should be done in the allowed time period.
In case the buyer is using a lender to pay for the house, the lender will also require an appraisal in most cases. Once an inspection report is finalized, the buyer will usually ask for some time to decide whether to approve or disapprove the report. The buyer will also ask for necessary repairs and negotiate the house price based on the report. After an offer is made by the buyer
, the seller can then choose to negotiate further by offering to pay for repairs or agreeing to a lower sale price.