Things to Know About Home Inspections
For most home buyers, a contingency on their offer of a home includes a completion of a home inspection. This is the time during the home buying journey where you can learn more about your home, it's condition, and any potential issues that may need to be addressed.
Below are five things to know about navigating the inspection phase of the home buying process.
Who to hire. It isn't every day that you buy a home, so for many home buyers, it will come from recommendations from their real estate agent, friends, or family on who to use to complete their home inspection. The reputation and professionalism, thoroughness, and the completion and delivery of the home inspection report might be some areas to think about when choosing a home inspector. The cost of the completion of the inspection is of course a consideration and doing due diligence to find out what aspects of an inspection would be included should also be confirmed.
The Inspection Report. The report itself will focus on the basics, what's damaged, and what needs repair. They're typically very easy to read and often will include pictures with a description of the different sections (interior, exterior, heating, etc.) to the inspection.
Code of Ethics. The inspection report itself will be private between whomever is paying the inspector's fee. That said, the inspector will not deliver a report that intentionally hides anything. Also, whatever a seller knows about the condition of the house, must be disclosed.
The inspector is not liable. Even the very best inspectors can't find every little thing, of the hundreds of things, including the interiors of walls and in between floors, that are part of a home. If a problem is revealed down the road, the inspector can't be held responsible.
And if something is discovered, agents will work out those issues, with some remedies - such as a reduction in the purchase price, the seller covering the cost of the repairs, or the seller fixing the problem before closing.
You can relax knowing that completing a home inspection will allow you the chance to have a behind-the-scenes look at your home before move-in day.