![]() |
|
| . | |
| Home Inspections...a most important part of the process | |
|
When you make your offer to purchase a home, you agree to accept the property “AS IS” in its present condition. However, the Buy & Sell Contract includes a contingency granting you the right to engage a private inspector, or group of inspectors, to examine the home's condition. The inspection is a way of discovering if there are any hidden problems that were not obvious when you personally viewed the home and made your offer. You have the right to terminate the contract if you are not satisfied with the results of the inspection by giving the seller written notice within a specified time period. |
![]() |
|
What you should expect from the
inspector A typical inspection includes an examination of the home's structure, roof, ceilings, floors, foundation, windows, doors, plumbing, built-in appliances, heating, cooling, ventilation, and electrical systems. The inspector will go through the house looking for safety issues and other problems in each room. When he's finished, he will present you with a detailed report and a bill for $250 to $300. A home inspection will take between two to three hours to complete. During the inspection you are welcome to accompany the inspector and to ask all the questions you wish. The inspector will answer your questions and explain how the systems of the home operate. He will disclose the condition of the home in simple layman's terms that you can understand. A comprehensive report is then provided by the inspector in an easy-to-read format, allowing you to know more about what you're buying before you purchase it. The inspector's report is not an endorsement or a condemnation, it is merely an objective statement of problems and recommended fixes. After reviewing the report, you're agent will draft an addendum to the purchase agreement. You must inform the seller, in writing that the inspection has been completed and that you are either accepting or rejecting the home in it's current condition. If no concessions are requested from the seller, you can waive your inspection contingency and proceed with the sale as per the original contract. If you wish to have the seller repair some items or wish to pursue a reduction in price, you must inform the seller in writing that the inspection contingency will be removed "under the following conditions". Then request whatever you wish to negotiate.
If no serious
problems are found, the inspection
will pay off indirectly in
maintenance tips and the assurance
that you are making a sound
investment.
Will
the home inspection break the deal?
|
|
|
|
|
|