The end of your long wait has finally come and now your offer has been accepted. So what’s next? Before you start planning your big move, it’s time to initiate the next step in the home buying process – home inspection.
The process of a home inspection can be daunting for both the buyer and seller. But we’ve compiled a list of what you should know before you send the inspector. It will give you a better focus on being more informed of the process.
Here are five things every buyer should be aware of Home Inspections.
Customers are Responsible for Inspections
Many first-time buyers don’t know that they are responsible for the controls. This means that they will be responsible for hiring the inspector and completing the process within a reasonable time frame. Be sure not to leave this as a last-minute job. Working within the time frame will help bind the legal document of the house. If you’re questioning as to why you have to cover the cost, rest assured that it is for your benefit.
Inspectors Must Be Certified
A home contractor and inspector is not the same thing. In fact, while contractors may know how to fix home maintenance problems, inspectors are trained to identify problems that can be easily missed by others. Qualified home inspectors will know what to look for and give you a complete report of the home.
Understand What Inspections Cover & What They Don’t
Home inspections inspect all aspects of the home to help make an overall report. Here are the general dimensions of the review.
- Structural components
- Plumbing systems
- Electrical systems
- Heating and cooling systems
- Basement and foundation
- Window Conditions
- Door conditions
- Walls, ceilings and floors conditions
Here as some aspects that is not always included in home inspections.
- Septic tanks
- Inside the walls
- Sheds, wells, or separate structures from the house
You Can Still Decline Your Offer After Inspections
If the inspection report features something severely damaging or a health-risk, you have the option to talk to the seller and negotiate and find a solution. If there seems to be no answer to the settlement, you have the ability to walk away from the purchase. Keep in mind that the seller may keep the initial deposit as collateral.
Have you gone through your inspection for your new home? Still feeling unsure of the process? Comment below and ask us your questions.