The home inspection can be one of the most daunting parts of the home buying process. For many buyers, there are fears about what an inspection might uncover and what the next steps are if any issues arise.
As you’re preparing for your pre-closing home inspection, these are some great tips to keep in mind.
Once your offer is accepted and you are under contract your due diligence period begins. During due diligence, you have time to do all your research, inspections, and final checks before making a final commitment to close on your new home.
Prior to the inspection be sure to talk with your Realtor to find a trusted home inspector. You’ll also want to walk the property yourself and pick out any items you might want the inspector to provide additional information or clarification on during his inspection. Note anything that might have sent up red flags when you were touring the home.
Also, remember that your inspector can only inspect areas that are accessible, so make sure that any basements, crawlspaces, attics, and other areas are unlocked on inspection day!
If you plan to attend your home inspection, be sure you are prepared, dressed appropriately and have somewhere to take notes, if necessary. If you’re tagging along with the inspector, respect his expertise, but also be sure to ask for clarification on items that he points out if they seem confusing or concerning.
Plan accordingly, depending on the size of the home you are buying inspections can take a few hours, so make sure that you set aside the time the be there and are not rushing the process.
At the completion of the inspection, you should receive an inspection report noting any issues, damages, or items of concern. Review this report with your Realtor and have them talk through the items listed and any concerns you might have.
After inspection, if you find that there are major issues that need to be repaired, talk with your Realtor about what the seller might realistically be willing to negotiate on. If any of the items that come up in this report are concerning enough to cause you to consider revoking your offer, be sure to talk through that process with your Realtor.
When making repair requests, be considerate of things like the sales price and market value of the home, any allowances the seller has already agreed to, and the effects that repair requests might have on the closing timeline.
Having a trusted real estate advisor on your side allows you to navigate the various parts of the home buying process with confidence. If you or someone you know is on the hunt for a real estate professional, contact me today to make your realty dreams a reality!