At Golf and Shore Properties, we find that both buyers and sellers are often nervous about the home inspection process. Most real estate transactions today include a clause that permit a potential homebuyer to hire a third-party home inspection service. The purpose of the inspection is to uncover any major issues with the home and give sellers the opportunity to correct them. The buyer can back out of the transaction without legal consequences if the inspection doesn’t meet with his or her approval.
Scheduling an Appointment for a Home Inspection
Buyers are responsible for locating their own home inspection company and scheduling an appointment. Most real estate agents provide prospective buyers with a list of companies they personally recommend to help the process go faster. The buyer can accompany the inspector at the appointment or choose to read his or her report later. The seller is typically not home while the inspector and possibly the buyer are there. This ensures that they buyer receives a completely neutral report.
Areas of Inspection
The main reason for a home inspection is for the buyer to know that the house he or she intends to purchase is structurally sound. To make this determination, the home inspector looks at the following 10 areas:
- Air conditioning system
- Heating system
- Insulation and ventilation
- Electrical system
- Plumbing system
The American Society of Home Inspectors dictates how the inspectors are to evaluate each of these areas.
After the Inspection
If the inspector discovers a problem with any of these areas, he or she writes a detailed description in the buyer’s report. It should also include areas that could cause potential problems in the future. After reviewing the report, the buyer can request the seller to make specific improvements. If the seller does not wish to do this, he or she has the option of lowering the home’s selling price. It is up to the buyer and seller to negotiate a deal that is agreeable to both parties.
The experienced real estate agents at Gulf and Shore Properties can help you with negotiations, whether you are buying a home or selling one. We’re also happy to assist you in making an offer if you’re the buyer. Please contact us with additional questions about home inspection, negotiations, and creating an attractive offer for the home of your dreams.