Home inspections are very important because they provide both the seller and the buyer with information about the condition of the home. Many sellers look for home inspections when they decide to put their home on the market. This way they can know exactly what is wrong and what potential buyers need to know.

fixation

This is a great opportunity to fix things that have certain problems (bring your water heater up to earthquake code, install smoke detectors, upgrade showers, etc.). Before closing the deal with a real estate seller, it is important that all things are fixed so as not to affect the sale price. This will help the house sell faster and at a better price. You can also choose to offer some concessions to the person buying.

Buyers should also complete a home inspection to understand the status of the property they are about to purchase. This way they can avoid possible mistakes before making such an important purchase.

as is the condition

Even if most real estate is offered for sale in “as is” condition (the seller doesn’t have to make any repairs or warranties, except of course for the legal items), the person buying it has to negotiate and establish an inspection contingency in the sale contract. This gives them the opportunity to have an inspection. Examples in these cases are short sales and bank foreclosures which are most often sold in “as is” condition.

Purpose

The goal of a home inspection is to take note of potential problems with a home. This happens during the inspection contingency trial when the buyer has the opportunity to continue with the sale, ask the seller for repairs and concessions, or cancel the contract, should the inspection prove structural damage or major repairs are needed. .

Home Inspection Features

Typically, the buyer pays the inspector to perform a thorough inspection of the exterior and interior of the home. This inspection must include an examination of the basic systems of the house (heating, electricity, air conditioning, plumbing, roofing and appliances, etc.). A home inspection can fetch prices between $250 – 500 and even more, depending on the size and type of home.

What is not included

It is important to remember that the inspection does not include green inspections for asbestos, lead paint, mold, radon, etc. If the inspector finds such items, he may recommend additional inspections, which must be carried out by designated inspectors. Some home inspectors may offer such services for an additional fee. Later, it’s the buyer’s job to hire the right specialists to perform the aforementioned inspections, ask the seller for a lower price or concessions, or cancel the sale.

low cost

Home inspections are an inexpensive way to determine the condition of a home. Buyers should do home inspections to avoid mistakes that will cost them more in the long run, should the property need more repairs or be more likely to be affected by natural disasters. Each person’s motivation to buy is different. Some of the buyers are even willing to buy properties that are considered major repairs, for the right amount. Instead, others are looking for something else or do not have the adequate budget to carry out solid repairs.

Inspections can reveal material problems with the home that the realtor or sealer did not know about. This means that they will not disclose in the statement related to the disclosure of the transfer. Simply put, it is your job to do your personal research related to the property you are about to purchase. Get ready and shop wisely!