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Do You Need A Home Inspection



I


f you have purchased a          major defects. A good home        
home or are considering         inspection will usually last 3-5  
buying a home, then you’ve      hours depending on the size and   
probably heard about home             condition of the property.        
inspections. So what exactly is a                                       
home inspection, when does a home     When Does a Home Inspection    
inspection occur, how much does       Occur?
                        
it cost, how can the information                                        
uncovered by an inspection be         Homebuyers often request a home   
used, and how can you find an         inspection as a contingency to    
inspector?                            purchasing a home. For example, a 
                                      buyer making an offer to purchase 
What is a Home Inspection?     a home may require that the home  
                                      undergo inspection either before  
A home inspection is a through        the offer is made, or more        
examination of the physical           likely, before the contract takes 
condition of a home by a              full effect.                      
qualified inspector. The product                                        
of a home inspection is usually a     How Much Does an Inspection    
detailed written report               Costs?
                        
describing the condition of a                                           
home’s major systems such as          The cost of an inspection is      
structural elements, mechanical       often linked to the size of a     
systems, appliances, plumbing,        property and varies by region of  
heating, air conditioning, roof,      the country. For a typical        
visible water leaks and damage,       three-bedroom house, a standard   
electrical systems, etc. A home       home inspection will probably     
inspection often reveals problems     cost between $300 to $500. The    
in a property, which are              inspection industry is a          
sometimes minor and sometimes         competitive business, so get a    



few bids before selecting an          the seller reduce the price of a  
inspector.                            home consistent with the cost of  
                                      repairs, or in some               
How Can Information From an        circumstances, the buyer may wish 
Inspection be Used?
               to cancel the contract            
                                      altogether.                       
A buyer typically makes an offer                                        
on a property contingent upon a       Find a Good Inspector      
satisfactory home inspection that                                       
does not uncover significant          The qualifications of home        
defects. One of the most valuable     inspectors vary greatly. In some  
parts of the inspection report is     states, inspectors must be        
that it provides an estimate of       licensed by the State, while no   
the remaining useful life of a        verified qualifications are       
home’s major systems. A buyer can     required in other states. One of  
use this information, as well as      the best ways to find a good      
other defects identified, to          inspector is to ask for referrals 
renegotiate the price and other       from you friends and your real    
terms of their offer. During          estate agent. They are likely to  
renegotiations, a buyer can           provide you with a list of people 
request that either repairs be        who they have had positive        
made at the seller’s expense          experiences with.                 
prior to close of escrow, or that     

                              




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San Diego Homes Rancho Penasquitos Homes Rancho Santa Fe Homes


Read more articles by: Real Estate Pros

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