If you are considering buying or selling a home in the near future, remember that home inspections are an extremely important part of the deal, and they are in the best interest of both parties.
What Home Inspectors Do
A home inspector typically checks the electrical systems, plumbing, furnace & air conditioning, plus looks for structural problems in the house also. They notice things like leaky windows and damp basements. Good home inspections note the need for repairs or replacements, so the buyers and sellers can avoid surprises before the deal closes.
Home inspections don’t "pass" or "fail" the inspection, and an inspector will not tell you how much he thinks the home is worth, give you an opinion whether you should or shouldn't purchase the home. It is the inspector's job is just to make you aware of repairs that are recommended or necessary.
Home Inspections When Buying
In most real estate transactions today, the buyers have a home inspection just after the offer is accepted. This way they can find out exactly what they are buying. Many times a seller will renegotiate the purchase price or give the buyer a credit to accommodate repairs when needed. Remember, before you sign a written offer, make sure it includes an inspection clause that says your purchase is contingent on the findings of a professional home inspector.
For buyers, inspections also provide other valuable information about the home. Things like where main utility shutoff valves are, and circuit breaker locations are examples of notes that the inspector might make. It is definitely to your advantage to be with your home inspector during his inspection. It's a good way to get answers to questions you may have, tips for maintenance, and general information that could help you when you move into your new home. Also, you'll get to see the home through the eyes of a qualified professional.
Home Inspections When Selling
We usually hear about the buyers contracting a home inspection done prior to the purchase of a home. It’s usually listed as a contingency on the contract. However, it’s not a bad ideal for the sellers to have a home inspection before they put the house on the market. Thus way they can find out if there are any issues with the property’s condition that could hinder the sale.
In addition to the traditional home inspection, you should think about having separate tests conducted to check for the presence of radon gas and possibly even termites. When needed, I can help you choose a good home inspector in the area, one that has been certified as an experienced member by a trade association.