Purchasing a home is for most people the largest expenditure of funds they will ever undertake. It’s not unusual now to spend $200,000.00 on a “starter” home- 3 bed, 1-2 bath and 1-2 car garage. As a Realtor-Consultant I do my best to relieve as much of the expected stress I can through my Buyer’s consultation, narrowing and qualifying of search, understanding the local market and then showing of homes. As I tell all my clients- a home purchase is a “team event” and that team consists of:
1. The Real Estate Consultant, 2. The Loan Officer, 3. Title company and 4. The Home inspector. It’s the latter I want to dwell on here for a moment. Just what is the home inspection and what should you expect- or not expect from it?
Simply put the home inspection (HI) is an initial phase of a home purchase whereby the seller purchases a home “contingent on” a home inspection. Normally that inspection is given a 5-10 day window of time in which the inspector must be hired, do the inspection, submit a report, the report gone over with inspector, Realtor and client and any items that are flagged are negotiated and agreed upon between buyer and seller. It typically takes about 2-3 hrs- more so for larger homes over 3000 fin. sq. ft. What can you expect from this:
1. Walkthrough: The inspection culminates with a walk through where the inspector points out summary items in the home that are of likely interest to the buyer.
2. Report: Normally within several hrs. or the next day a substantial report, with pictures is sent to the buyer.The report will contain summary information about all the major systems of the property- from the outside to the inside. This will include, foundation, roof, windows, electrical, plumbing and heating and more. Other issues related to Radon, mold or other signs of water intrusion ( a homes worst enemy!) will either cost extra or involve another professional. The buyer then goes over it with their Realtor and determines what items they want to negotiate on.
3. You can also expect availability of the inspector to answer any further clarifying questions or concerns about the home that you might have after reviewing the report.
What NOT to expect:
Don’t look at the inspection or the inspector as the tool to ultimately determine whether or not you should continue with the purchase of a home. A good inspector will provide information, explanation, perhaps comparisons etc. but will NOT enter into the ultimate, “you should or should not buy this home.” A good inspector will present “just the facts ma’am” and will try to not scare away or put their, “100% stamp of approval” on a property- that’s simply not their role. A good inspector will be prompt, thorough, detailed, help you interpret data and leave the buying decision in your hands.
Remember when you deal with Paul Dreblow Real Estate- you have access to “one stop shop” services- loan people, title and yes- Inspectors!
Please let me know how I can serve you.