Buyers: Why Have a Home Inspection
This aspect of the sales process is time sensitive. The inspection contingency in the Purchase and Sale contract will often provide for a period of 5-15 days during which time you should have the property inspected by a home inspector.
It is the job of the home inspector to not only evaluate the condition of the house’s major systems and structural integrity, but also to evaluate how these systems are working together and identify areas that need to be watched, repaired or replaced.
Your home inspector gives you the Big Picture analysis of the house you are purchasing. If the home inspector identifies the need for a costly, detailed analysis of any of the houses’ systems or structures, the inspector will recommend the appropriate professional, which may be an experienced engineer with expertise analyzing that particular system or structure. The need for this kind of expensive, detailed analysis is rare.
A home inspection service is a visual inspection of the structural elements and systems which are accessible. This typically includes:
- Exterior, walls, siding etc…
- Porches and decks
- Electrical systems
- Plumbing systems
- Doors and windows
- Heating and air conditioning systems
If practical it is encouraged that you accompany the inspector so that you may ask questions and gain a better understanding of the systems in the home.
Your inspection should promptly provide you with a detailed written report by mail or email.
There are numerous home inspection companies for you to choose from, we recommend that you choose an experienced, approachable inspector that is a member of The National Association of Certified Home Inspectors (NACHI) who will provide you with a detailed written report.
We do not endorse any particular inspection company however our clients have found the following companies to have provided good service
www.customizedpest.com Tel.407 8682 5888
Sellers: Why Get a Home Inspection
If you are selling a home, your aim will be to get the highest price in the shortest time, to help achieve this it is advisable to ensure that your home is in top condition. Almost all sales contracts include the condition that the contract is contingent upon completion of a satisfactory inspection. This is known as the inspection contingency. Buyers will insist on a professional home inspection performed by an inspector they will 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 is better to pay for your own inspection before putting your home on the market. Having a pre-listing inspection done will make the whole sale process easier. Present any items as is and reflected in the purchase price. Otherwise, you can count on the buyer’s inspector finding them, at the worst possible time, causing delays, and costing you more money.
One of the key benefits of having the inspection done early is that if there are any problems discovered that need to be repaired, you can have the repairs done on your own terms, on your own schedule. When a problem is not found until the buyer has an inspection performed, the deal you have worked so hard to get done may fall apart unless you act quickly to get the repairs done. You could save thousands by simply being able to shop around and get competitive bids from contractors, rather than being forced into paying for repairs at the last minute. Another area where you can save money is in having flexibility to choose the materials used in repairs. Sales contracts usually specify repairs must be made using materials of comparable quality. By identifying needed repairs early, you will have the option to save money by using less expensive materials for the repairs.
You can also benefit from simply offering certain items as is. Often, you can negotiate with a buyer to accept items in the current condition by stipulating that they are reflected in the purchase price. But that same buyer may walk away from the deal if the conditions come as a surprise, after an offer has already been made. By having a pre-listing inspection done, you can identify problems early. Then either correct them or present them as is, assuring that the first offer you accept can move quickly and smoothly to closing without delays or costly surprises.