Carol George's Blog
A home inspection may prove to be exceedingly valuable, particularly for a homebuyer who is on the fence about whether to purchase a particular house. In fact, a house inspection may raise a number of questions that a buyer will need to consider to make an informed decision about whether to proceed with a home purchase.
Some of the key questions that a homebuyer needs to consider after a house inspection include:
1. What do the inspection results reveal about the overall condition of a house?
A home inspection represents a learning opportunity for a buyer. After the evaluation is finished, a buyer will receive a report that outlines a home inspector's findings. This report usually is available within 24 to 48 hours of an inspection and can make a world of difference to any buyer, at any time.
As a homebuyer, it is essential to review the results of a home inspection closely. That way, you can learn about any underlying issues with a home and map out the best course of action.
If you find that a home has a variety of problems, you may want to ask a seller to complete myriad house repairs before you finalize your home purchase. Or, if you are satisfied with a home after an inspection, you may want to continue with your house purchase.
Keep in mind that you can always walk away from a home sale after an inspection too. In this scenario, you can simply reenter the housing market and continue your search for your dream residence.
2. After reviewing the home inspection results, am I comfortable with a house?
Oftentimes, it helps to consider the prices of possible home repairs after you complete an inspection. If you analyze these potential costs and find they exceed your budget, you should plan accordingly.
Home repairs sometimes can be expensive and time-consuming. As such, if you are uncomfortable completing a broad assortment of home repairs on your own, you'll want to account for these repairs as you decide how to proceed with a house following an inspection.
3. Is a house a viable long-term investment?
The decision to purchase a home is a life-changing choice. Therefore, you should consider the results of a home inspection to ensure you can maximize the value of this potential long-term investment.
Remember, a home inspection gives you an opportunity to assess any structural issues with a house prior to finalizing a house purchase. If you have any concerns about a possible home purchase following an inspection, you should address these concerns before you complete your transaction.
When it comes to conducting a home inspection and reviewing the assessment results, it generally is a good idea to work with a real estate agent. This housing market professional can help you find an expert home inspector to analyze a residence both inside and out. Plus, a real estate agent will offer tips about what to do following an inspection and ensure you can achieve the best-possible results throughout the homebuying journey.
If a seller approves your offer to purchase his or her house, conducting a home inspection likely will be the next step of the property buying cycle. Although you may have the option to forgo a house inspection, you should not avoid this evaluation. Because if you forgo a home inspection, you may wind up purchasing a house that fails to meet your expectations.
Ultimately, there are many reasons to perform a house inspection before you finalize a home purchase, and these reasons include:
1. You can gain deep insights into a house's condition.
A home showing enables you to get an up-close look at a residence so you can determine if a residence is right for you. Meanwhile, an inspection goes one step beyond a showing, as it allows you to work with a property expert to analyze all aspects of a house.
During a home inspection, a property expert will walk through a house and analyze the residence's underlying condition. Then, this property expert will provide an inspection report that details his or her findings.
It is important to assess an inspection report closely. That way, you can learn about a home's condition and decide whether to continue with a house purchase.
2. You can review potential property repairs.
If you want to identify potential house repairs, a home inspection is key. If you conduct a home inspection, you can find out about possible property repairs, review the costs associated with them and plan accordingly.
Of course, if the costs of home repairs are significant, you may want to request a price reduction from a house seller. On the other hand, if various home repairs are simple to complete on your own, you may want to proceed with a home purchase.
3. You can make the best-possible homebuying decision.
Let's face it – buying a home may be one of the biggest decisions you will make in your lifetime. If you make a poor decision, you may suffer the consequences of your choice for an extended period of time.
Thanks to a home inspection, you can gain the insights you need to make a data-driven home purchase. Best of all, you can use a home inspection to perform a full analysis of a house and feel good about your decision to buy a residence.
As you get ready to pursue a house, you should hire a real estate agent as well. This housing market professional can help you prepare for a house inspection and complete other homebuying tasks.
For example, a real estate agent will attend a home inspection with you. And after a home inspection is finished, you and your real estate agent can review the inspection results together. Finally, your real estate agent can offer an honest, unbiased recommendation about how to proceed following a house inspection.
Ready to find and acquire your dream home? Conduct an inspection as part of the homebuying process, and you can learn about a house and determine whether a residence matches your expectations.
A home inspection is one of the final stages of the property buying journey. If an inspection goes according to plan, a buyer may be able to seamlessly close on his or her dream residence. On the other hand, if problems are discovered during a house inspection, these issues may slow down or stop a home sale.
For property buyers, it helps to plan ahead for a home inspection as much as possible. Thankfully, we're here to help you do just that.
Now, let's take a look at three things that every buyer needs to know about home inspections.
1. A home inspection typically is performed after a seller accepts a buyer's offer to purchase.
With a home inspection, a buyer can review a house with a property expert and identify any underlying problems. If a buyer finds problems during an inspection, this individual can rescind his or her offer to purchase, modify the offer or move forward with a home purchase.
It typically helps to hire a highly qualified and experienced home inspector. By having a skilled home inspector at your side, you can gain the insights you need to determine whether a house is right for you.
2. A buyer is not required to go to a home inspection, but it generally is a good idea to attend.
Usually, a buyer, his or her real estate agent and a home inspector will walk through a house together during an inspection. It also is important to note that a buyer is not required to go to an inspection, but in most cases, it is a good idea for a buyer to attend.
A buyer who attends a home inspection may be able to receive home insights that he or she won't necessarily find in a house inspection report. As such, this buyer can obtain the house insights that he or she needs to make an informed homebuying decision.
3. A home inspection may require several hours to complete.
There is no time limit for a house inspection, but an average home inspection takes several hours to complete. After the inspection is finished, a property inspector will prepare a report that details his or her findings and provide it to a buyer within a few days. Then, a buyer will need to review the report and determine how to proceed.
As a buyer gets ready to enter the housing market, and eventually, perform a home inspection, it helps to hire a friendly, knowledgeable real estate agent. This housing market professional can help a buyer find the right home, submit a competitive offer to purchase and conduct an in-depth home inspection. And after a buyer completes a successful home inspection, a real estate agent will help this individual navigate the final stages of the property buying journey.
Simplify the homebuying process – employ a real estate agent, and you can get the help you need to locate and purchase your ideal residence.
A home inspection often plays a key role in the homebuying journey. If an inspection shows that there are no underlying problems with a house, you should have no trouble moving forward with a home purchase. On the other hand, if an inspection reveals a variety of structural problems with a house, you may need to reconsider your purchase decision.
Ultimately, a homebuyer who knows what to expect during a home inspection can plan accordingly. This buyer also may be better equipped than others to accept the results of an inspection and make an informed choice about whether to move forward with a home purchase.
What does it take to achieve the best-possible results during a home inspection? To find out, let's take a look at three tips to ensure you can prep for a house inspection.
1. Hire an Expert Home Inspector
There is no shortage of home inspectors available in cities and towns nationwide. However, employing an expert home inspector will require you to conduct an in-depth search.
When it comes to finding an expert home inspector, it pays to search far and wide. Because if you have an expert home inspector at your side, you can boost the likelihood of identifying major and minor house issues during an inspection.
2. Assess Every Area of a House
Oftentimes, a home inspection takes several hours to complete, and for good reason. In order to fully evaluate a residence, you'll want to be diligent. That way, you can minimize the risk of missing potential problems as you perform a home assessment.
As you walk through your house with an inspector, don't hesitate to ask questions too. In fact, a home inspector may be able to provide insights into home problems and repairs that you might struggle to obtain elsewhere.
3. Collaborate with a Real Estate Agent
A real estate agent can help you find your dream house, as well as put you in touch with the top home inspectors in your area. Plus, this housing market professional likely will walk through a house with you during an inspection to ensure you can get the support you need to make an informed homebuying decision.
Furthermore, a real estate agent is happy to consult with you before and after a home inspection. Prior to an inspection, a real estate agent will help you put together a plan to assess a house. Meanwhile, after an inspection, a real estate agent can discuss the inspection results with you and help you determine the best course of action.
Let's not forget about the assistance that a real estate agent can provide throughout the homebuying journey, either. This housing market professional can help you streamline your search for your dream house, submit a competitive offer on a residence and ensure you can purchase a terrific house at a budget-friendly price.
A home inspection may seem daunting at first. Luckily, if you plan ahead for a home inspection, you can use the assessment to gain the insights that you need to determine whether a house is right for you.
The sellers of your home will not be present during a home inspection. It constitutes a conflict of interest. In fact, in some cases, you may never actually get to meet the occupants of a home you’re considering buying. There’s ways that you can get in touch with the sellers. That’s through your realtor. It is a good idea to ask the sellers of a home plenty of questions that may concern you. It will help you to make a more informed final decision on the home you’re considering buying. Getting these answers also can help you to know what to expect once you actually live in the home. Unless you’re buying a short sale or a foreclosure property, you’ll have likely have this opportunity to ask questions. Most of the things that you’ll ask the seller will be a bit more open-ended. Here’s some ideas of what you might want to ask the sellers of a home:
Have you ever had water in your basement?
While the home inspection can reveal traces of mold and mildew, the fact that water comes into the basement on a regular basis is a problem. Other questions related to this would be, “Do you have a sump pump?” If there are any major signs of water damage, you can ask that it be repaired before you even buy the home.
Have you had any structural problems repaired? Are there any cracks in the walls?
The seller will answer these questions honestly, allowing you to better assess the condition of the home.
Has your roof ever leaked? When was the last time the roof was replaced?
The typical roof on a home lasts about 25-30 years. If the roof was replaced more recently, you won’t have to worry about it for years to come. The home inspection will also reveal a lot about the roof and any water damage that may have occurred.
How do the heating and cooling systems work in the home? How much do you typically spend on these utilities?
You should find out from the occupants how well the heating and cooling systems work in the home and if there are any problems that have been found. You can also get an idea from the previous owners of how much money you can expect to spend on gas, oil, and electricity in the home. Your home inspector will also give the heating and or cooling systems a good inspection and let you know if he sees any potential problems with the unit.
Have you made any recent improvements to the home?
A bonus to any home purchase is if a seller has made any major recent upgrades to the home. Everything that the sellers have done from replacing windows to updating the kitchen to replacing the roof is all things that you won’t have to worry about until a much later date.
Asking questions during a home inspection is always a great idea. It’s also even better if you get an idea of the condition of the home from the sellers themselves. The bottom line is that when you’re buying a home, you shouldn’t be afraid to ask questions!