You fell in love with the house as soon as you saw it, you've put in an offer, and good news! Your offer has been accepted. 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.
They'll look at the big stuff. Electrical, heating/cooling, the foundation, the roof, etc. will all be evaluated on condition. They'll not be any feedback on loud paint colors or choice of style of kitchen cabinets, for example.
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.
You're dreaming about move-in day. As you should! Inspections are a time to get more acquainted with your soon-to-be home and give you the opportunity to discover anything unforeseen about the condition of your home.
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.
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"Working with eXp Realty was a pleasure. When we started, we had no idea what we wanted, but our buyer agent helps us figure out the pros and cons of all our options. Our agent went the extra mile willing to put in the extra effort to answer our questions, to make sure we were happy with our decisions, and educated about the market and local area."