If you’re buying or selling a home, the inspection process can be nerve-wracking for people. It often brings up questions or concerns that may be a little bit overwhelming at first. The inspection provides an overall evaluation of the home’s condition. Inspections can be complex, depending on the home and its condition. Every inspection provides a detailed look at all the working systems of a whole house. Then, depending on the home, there can be additional inspection processes that look at the sewer, oil tank, roof, or radon levels. Doing an inspection should be written into your sales contract, so you can expect to have one from the get go.
When you’re getting an inspection, be sure to use a licensed inspector. These people need to complete continuing education courses and are experienced with inspecting a variety of different styles and homes of various ages. Your Realtor will give you advice on a recommended inspector or inspection company.
How the process works:
When a buyer gets an inspection done, the seller may not know what the results are for a couple of days. When the buyer gets the results, they will get a copy of the report and determine what they want to ask the seller to fix, if anything. Most often, the buyer has 10 days to get repair requests to the seller. The Realtor will help the buyer determine which “to-do” items are reasonable to ask for and what isn’t.
Once the seller gets the list, they are given some time to get quotes or bids on the items that need completion. Having an experienced Realtor to work with you during this process is important, as the back-and-forth process can create much dialogue. It is critical that everyone understands each other and having an agent you trust here can help guide you along through some of the confusing details. Many times, the inspection process requires negotiation and a Realtor can be an asset in this part.
As a seller, this time can be nerve-wracking, as you are waiting to get quotes done and wondering what the result will be! Your Realtor will help you decipher the requests that come in, determine what is customary, and negotiate on your behalf. Again, your Realtor will play an important role in helping you get through the many hoops that can sometimes happen with the inspection process.
Buying and selling a home requires many different steps and it’s okay to have a lot of questions along the way. The inspection process can be very involved, and I am happy to sit down and talk with you about it if you need additional clarification.
The inspection process: generally speaking, this is an overall evaluation of a home’s condition. If you’re not clear on how the process works, keep reading and I’ll lay out the general guidelines of what happens.
When the buyer gets the inspection done, the seller might not know what the results are for a few days. Once the buyer gets the results of the inspection, they need to get a copy of the report, digest it, and determine what they want the seller to fix, if anything. Most of the time, the buyer has 10 days to get any repair requests to the seller. In order to expedite things, the agent should help the buyer determine what is reasonable and what’s not.
Once the repair list is drafted, the seller has time to look at it and digest what’s on it. They can clarify what’s being asked for and they’re given some time to get bids and determine what items they should fix. An agent to help with this part of the process is crucial. An experienced agent will help provide information on what buyers generally ask for and what could be determined as “too much” or “over the top.” The seller will then respond and then the buyer will decide if they will accept this response.
The back-and-forth process can create a lot of dialogue and it’s very important that everyone understands each other. Whether it’s credits to the buyer or items that need to be completed before closing to meet buyer bank requirements, your agent has valuable experience in the negotiation process here. Take advantage of this experience and rely on your agent to help guide you along.
Buying and selling a home is full of many different steps and details. The inspection process can be complex, so if you have more questions about it, I’m happy to sit down and talk with you about it.
Well, after hours of searching and a lot of different house showings, you’ve finally found the home you want. With a home sale, there are a lot of different things that need to happen. Paperwork needs to be signed, loans need to be cleared, and a home inspection needs to be done. You might have wondered why you need a home inspection. Even though the house might appear to be perfect, there are often hidden problems that can be diagnosed when a reputable home inspector comes to take a thorough look at the property.
Benefit #1: Peace of mind.
Buying a home is arguably one of the largest and most important purchases that you will ever make in your lifetime. Because of this, you should make sure that there aren’t any hidden issues that could have been spotted with a home inspection. When it comes to buying a home, you need peace of mind, knowing that you’re getting a fair price for the home.
Benefit #2: Hidden problems can be discovered.
A home inspection will include a full report of the condition of the home, both interior and exterior, as well as those harder to see areas such as the crawlspace, chimney, or attic. The report is designed to point out any major problems as well as some minor ones that can be fixed with simple improvements. No one likes surprises when it comes to home repairs, so knowing what you are getting into before you move in is important.
Benefit #3: Saves you money in the long run.
If you don’t have a home inspection and you decide to go ahead with the purchase of the home, there may be costly issues that pop up after you move in. This could be avoided by simply having a home inspection done during the purchasing process. It’s very common that the seller will fix issues before the sale goes through. This means the seller is responsible and you’re off the hook for those repairs – that can save you big bucks down the road!
Your home is a big investment and in order to be protected and know the exact condition of the home, a home inspection is a definite must-have.