Home inspection is a vital part of the buying and selling process. Without a proper home inspection, you’re likely to face unexpected home repairs and avoidable hassles.
Typically, the buyer funds the inspection, but it’s the seller’s job to facilitate the process, so it can be timely and accurate. Depending on the buyer’s preferences, there may be one or many inspectors involved in the process. These can be general inspectors or specialized inspectors, dedicated to plumbing, foundation, etc. Additionally, it’s important to ask your inspector the following questions.
- How experienced are you?
- Do you belong to a professional association?
- Do you focus on residential inspection?
- Have you participated in continuing education?
- How long does your inspection take?
- Will I be able to attend the inspection?
- How much does the inspection cost?
After the inspection, your inspector should provide a detailed report. This will identify potential problems, as well as items that should be replaced. If the report includes problems, you have several options. In many circumstances, the buyer asks the seller to fix the issues before closing. If this isn’t an option, you can negotiate for a better price to accommodate repairs. Ultimately, the last resort is to walk away from the deal.