When an offer is made with a contingency, this allows the buyer to renegotiate the price of the home based on the inspection report. Some prospective buyers might elect to walk away entirely. What should buyers inspect?
Choosing An Inspector
A trained real estate professional will probably have a list of inspectors who might produce the report. All inspectors are trained and qualified. Real estate agents will probably look at sample reports and professional licensing before choosing an inspector to look at a home. Most inspectors also have insurance in case they miss something that shows up later. Home inspectors will need to crawl into the crawl space, inspect the roof, and take a look at storage spaces.
What Do Inspectors Look For?
A home inspector is going to look at every aspect of the home to make sure it is up to code. An inspector will look at the roof for signs of leaks or damage. The inspector will also inspect the plumbing system to make sure no pipes are rusted, corroded, or damaged. He or she will also look at the windows to make sure the seals are not busted. A home inspector is also going to take a look at the HVAC system to see how old it is and how well it is working. The fireplace and chimney will also be an important part of the inspection as he or she looks for signs of damage. The inspector will also look at the foundation for any issues.
A Comprehensive Report
Once all of this is done, the inspector will provide a comprehensive report that contains a list of everything that might be wrong with the house. Then, based on this report, the buyer can decide what he or she would like to do next.
