Perhaps you are planning to sell your home and the first thing the buyer mentions is a home inspection. This can be one of those terrifying processes especially when you know your home has structural problems that seem to be lying beneath that shiny coat of paint. However, if there’s nothing wrong with your home, you won’t have anything to worry about. Here are some of the most important things you need to know about home inspections. The ins and outs of a home inspection.
- Don’t hire just anyone in the name of an inspector
You need to understand that home inspections can protect you from a very bad deal when you are a buyer. This means you don’t want to get a run-of-the mill home inspector. You are making one the biggest investments in your lifetime and it’s important to get it right the first time. Hire a top-notch inspector who knows what needs to be done. A professional inspector must have a license. It’s also advisable to choose someone who is insured so as to be safe from errors and omissions.
- Be Present During the Inspection
Of course, the inspector will present to you a report after the inspection. Note that it is important for you to attend the inspection as it is being done. This will give you an opportunity to learn more about the inner workings of the place you are about to call home. Being present also helps you to discuss about the home and its ramifications in person.
You can ask questions regarding the areas that appear to have problems. How can you fix something that you don’t understand? That’s why you need to attend the inspection.
- Don’t panic
Most of the identified problems and issues during the inspection can be fixed and repaired. Understand that you are buying a used home. There is no need to panic because even if it was an old computer or a used car, you’d expect some problems. You may find major problems with water intrusion or foundation but they should make you back out the sale. You can bargain and discuss on such issues before closing the deal.
It’s always important to work with your real estate agent and come up with the best approach. You may request the seller to fix any repairs if you had a contingent offer. Make a point of getting everything in writing in case the seller fails to honor the agreement.
However, you must understand that the sellers are not always obligated to address all the discoveries made during the inspection. At times, the seller may not be willing to address the issues. In such cases, you may consider assessing whether the cost of fixing the problem is worth the reward. Carefully assess the financial ramifications, listen to the inspector’s advice and make your decision.