A home inspection is one of the most important steps in the homebuying process. This type of inspection will provide a potential homebuyer with valuable insight into the condition of their future residence and should not be overlooked or waived.
Unlike a home appraisal, an inspection doesn’t put a value on the home. Instead, it tells the buyer what issues may or may not be prevalent in their potential new home. If an inspection report finds unsafe materials or conditions, a buyer can choose to either:
A complete home inspection is an evaluation of the home’s condition. They are usually performed during real estate transactions but can be done at any time. Inspectors will review the following aspects of a property:
Items that are generally not part of the inspector’s review include:
A licensed home inspector is typically hired by the homebuyer but can also be hired by the seller for a pre-sale inspection. Depending on the situation, buyers may want an independent home inspection by a professional inspector before they make an offer on the property. In competitive markets, you may feel pressured to skip the inspection, but this is usually not in the buyer’s best interest. Work with your real estate agent on the best option for you.
When making a financial decision this large, it’s best to check in with your local lender as well to help you understand your options in the current market. We’re here to help!
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The start of a new year is often seen as the time to make major changes in life. While many people resolve to start hitting the gym, losing weight, reading more, or making a career change, others may decide to buy a new home in the coming months. That’s a great goal, one that can […]
Buying a home is one of the most exciting events in a person’s life. A new home can mean a new direction, a major step forward, the beginning of a family or just a fun opportunity to live in a new state, city or neighborhood. It’s also a complex task that involves several important steps. […]
