The best way a homebuyer can determine if what appears to be their dream home, may be an eventual money pit, is by conducting a home inspection.
A home inspector typically evaluates the following components to a home: *Foundation *Structure *Roofing System *Plumbing System *Electrical System *Heating System/Air Conditioning System
Many lenders require a home inspection however, even if your lender doesn’t require one or if you’re paying cash. I highly recommend all buyers get a home inspection and feel its’ money well spent.
A home inspection will give a potential buyer a general idea of the overall condition of a home and will note areas’ of concern. I recommend buyers be present for the home inspection and if not for all of it, at least the tail end of it. This gives buyers the opportunity to discuss the inspectors’ findings and, if necessary, ask questions. It’s important to note that no home is perfect. However, based on the inspectors finding it will give you the proper knowledge to determine if the purchase makes sense.
Upon completion of the home inspection and review of the inspection report a buyer will have several options based upon how your contract is written. In most cases you’ll have the option to cancel out of the purchase, request repairs, be given a credit at closing to fix the items or re-negotiate your sales price. A home inspection will cost you some time and money but could potentially help you avoid a costly mistake by purchasing a property in need of major repairs.
Author:Chakits Krulsawat Phone: 702-319-1092 Dated: July 21st 2015 Views: 266 About Chakits: ...
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