What Do You Need to Know About Inspections?

If you’re thinking about purchasing a home or at the very least, want to learn about the process, you need to be familiar with how home inspections work. That’s what we are going to discuss today.

Once you and the seller agree on the price and terms of the transaction, we start the inspection period. This is typically within 10 days after the contract is ratified. The next thing you’ll have to do is hire an inspector. We can provide you with several recommendations for a home inspector, whose responsibilities include looking for defects that affect a home’s safety, security, or structural integrity.

If problems are found in areas the inspector isn’t specialized in, such as heating and cooling units, we can call in a specialist to give you further details about the extent of the damage. Once the inspection is complete, it’s time to negotiate repairs. These items will be negotiated out after the inspection and can be handled in many different ways.

Most times, sellers reduce the cost of the defects from the home’s sale price so the buyer can handle the work with their own contractors. However, you can also adjust the closing costs to reflect any damages, or you can make the repairs yourself as a seller.

People often wonder if it’s necessary to have a home inspection for a new home. Due to the fact that homes are built by people, who make mistakes, we say yes. Even brand-new homes can have issues or damages that could greatly affect your safety, as well as the home’s resale value. It’s great to find and correct cosmetic issues, but the big costly issues are often the ones you can not see. This is why we always suggest a home inspection for our buyers. It helps to give you peace of mind in this, one of your largest financial purchases.

We hope you found this information helpful. If you have any questions about the home inspection process, need a recommendation for an inspector, or have any other real estate related questions, give us a call or send us a quick email. We would love to hear from you!

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