Whether you’re a buyer or a seller a
home inspection is an important part of the home buying and selling process.
Traditionally you would hear about a
home inspection in correlation with the buyer, however it is becoming more
common for sellers to have a pre-inspection on their home. This inspection
would happen prior to listing your home and gives you the opportunity to fix
any issues that may be found so you can get top dollar for your home. The seller
can then offer a copy of this home inspection to potential buyers and if there
were any issues that needed addressing they could provide proof that the work
was completed.
As a buyer, you will definitely want to schedule
a home inspection once you’re under contract. Buying a home is probably the
most significant purchase you will make in your lifetime and it is a good idea
to know what you’re buying. The cost of a home inspection can range from approximately
$350-$850 depending on what you decide to inspect. Your realtor is a great
resource to not only choose a home inspector, but to help you decide which
inspections are appropriate for your home. At a minimum, you would want a general
building inspection. This includes a thorough look at the interior and exterior
of the home and all of the systems in the home such as heating and electrical.
The purpose of a home inspection is to locate any material defects or safety
issues.
After you have the results of your home
inspection, as a buyer you can then negotiate with the seller to get items
fixed prior to closing or get the price reduced on the home. Keep in mind that
some items may need to be fixed prior to closing depending on what financing
program you are using. You should work closely with your realtor through the
inspection process to determine which inspections you should have and how to
handle the results of the inspection. When all is said and done, it comes down
to having a strong, competent broker on your side.
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