NOT FOUND: home inspection.jpgAlthough the term “home inspection” is usually associated with buyers and their purchase of a home, a home inspection can benefit a seller’s position as well. There are several types of ‘inspections’ that generally transpire during the sale and negotiating period of a real estate transaction, but a home inspection is one of the most informative inspections there is. They are detailed and thorough.
The benefit to the buyer(s) is that this particular inspection will alert them to any problems, or even potential problems, the home may have, prior to them taking possession of the property and dealing with the issue after the fact. You, as a buyer, will know every aspect of the home and its condition, literally from top to bottom, inside and out.
If ordered by the seller and performed a head of time, the inspection will alert them to any problems or issues there may be and provide an opportunity to address them by making the necessary repairs or corrections before the property is listed and marketed for sale. The benefit to completing repairs ahead of time is that it could lessen any ‘surprises’ that may come up during the sale process, as well as prevent a potential law suit down the road for problems that were not disclosed.
In either case, whether you’re a buyer or a seller, it’s important to hire a licensed, bonded and reputable inspector. Don’t be afraid to ask if they’re a current member of the state’s professional association and if they have any certifications. The key is to be sure they specialize in home inspections and not just someone who has a construction background. Home inspectors are specifically trained to take a look at and evaluate every aspect of the property, which includes heating and air, electrical, plumbing, insulation and ventilation; as well as structural issues and exterior surfaces. As with every important transaction, having an ‘expert’ on your side can be a crucial tool to advise and assist you in making a decision.
One word of caution though. If you, as a buyer, are purchasing a home through a government program (e.g.: FHA or VA loan), be aware that although these two entities require their own ‘inspection’ by an ‘authorized inspector’ in order to grant the loan, those inspections are NOT as thorough or detailed as an actual ‘home inspection’. Their sole purpose is to check and verify that the property has no real defects, thereby lowering its value. Their interest is in protecting their asset and not you as the borrower.
If you need assistance or have questions about the home inspection report or its benefits to you, contact a real estate professional to help you find one and explain the process in more detail.