What to Expect from a Home Inspection
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Whether you’re buying or selling a house, a home inspection can be nerve-wracking. As the buyer, you want to ensure the home you’re buying is in great condition and is free of major issues. On the seller side, you don’t want to incur the cost of major repairs.
Here’s what both sides can expect from a home inspection.
Home Inspection for Buyers:
Talk with your inspector beforehand about the scope of their inspection to make sure you don’t need to engage any other professionals. For example, potential home buyers often need to arrange for separate radon testing.
- You can attend the inspection, and many buyers find it helpful to walk through the property with the inspector. Just make sure you aren’t in the inspector’s way and be prepared for the inspection to last several hours.
- Don’t expect the inspection to come back completely clear. Have realistic expectations and understand that it’s likely something will come up.
- After the inspection, it’s important to prioritize what items you want fixed. Look for significant problems with the HVAC system, roof, plumbing, or foundation, and don’t worry about the smaller items you can take care of yourself.
- Once the agreed-upon items have been fixed, verify that the work is complete. Even if the seller provides receipts for the work, it’s important to see for yourself that it’s done.
Home Inspection for Sellers:
- You can order your own home inspection at any time. It might be beneficial to have the home inspected before you list it, that way you can address any issues beforehand.
- Before the inspection, clean your home! It’s important for the house to present well, especially if the potential buyer is attending the inspection too.
- Inspections take three to four hours, so be prepared to be away (and take your pets with you) from the house for at least that amount of time.
- Take small steps to fix up the house – replace burned out lightbulbs, replace the furnace filter, test your smoke and carbon monoxide alarms, etc.
- If the buyer requests a large number of repairs, talk with your realtor to discuss a compromise. While you’re negotiating with the buyer, get multiple bids for repairs to make sure you’re getting the best price.
While home inspections seem stressful, having realistic expectations and being prepared can make a huge difference whether you’re the buyer or seller. If you’ve got questions about purchasing or selling a home, call us today. As your mortgage experts, we are happy to help you with the process.