Whether
you are buying or selling a home, you should have a professional home
inspection performed.
A home
inspection will look at the systems that make up the building such as:
- Structural
elements, foundation, framing etc.
- Plumbing systems
- Roofing
- Electrical
systems
- Cosmetic
condition, paint, siding etc.
If you
are buying a home, you need to know exactly what you are getting. A home
inspection, performed by a professional home inspector, will reveal any hidden
problems with the home so that they may be addressed BEFORE the deal is closed.
You should require an inspection at the time you make a formal offer. Make sure
the contract has an inspection contingency. Then, hire your own inspector and
pay close attention to the inspection report. If you aren't comfortable with what
he finds, you should kill the deal.
Likewise,
if you are selling a home, you want to know about such potential hidden
problems before your house goes on the market. Almost all contracts include the
condition that the contract is contingent upon completion of a satisfactory
inspection. And most buyers are going to insist that the inspection be a
professional home inspection, usually by an inspector they hire. If the buyer's
inspector finds a problem, it can cause the buyer to get cold feet and the deal
can often fall through. At best, surprise problems uncovered by the buyer's
inspector will cause delays in closing, and usually you will have to pay for
repairs at the last minute or take a lower price on your home.
It's
better to pay for your own inspection before putting your home on the market.
Find out about any hidden problems and correct them in advance. Otherwise, you
can count on the buyer's inspector finding them, at the worst possible time.
Thank you for visiting my blog, I encourage you to leave a comment or questions. Let me know if my blog has helped you. I would love to hear your thoughts and any ideas for future posts.
Roxy Redenbaugh
ACMC Loan Consultant
Mortgage Coach
Branch Manager
NMLS #269926
