Before finalizing a real estate deal and moving into a new home, some mortgage lenders suggest home buyers have the property inspected. Home inspection prices vary. Therefore, many buyers skip the inspection and move into the property with “blind faith.” buyers skip the inspection and move into the property with “blind faith.”
However, a home inspection is extremely valuable. Simply looking at a home from outside does not reveal its deepest and darkest secrets such as mold, termites, or rotten wood. Home maintenance is expensive. If a home needs several thousands of dollars in repairs, wouldn’t you want to know? In many cases, you can negotiate that the seller pay for repairs, or reduce the sale price.
Here are five important questions to ask a home inspector.
1. How Long Have You Been an Inspector?
Since home buyers are able to choose their own home inspector, it helps to find a qualified inspector. A good inspector knows where to look, and how to identify potential problems. Some inspectors do not provide a thorough analysis of the property, or sugar coat problems.
2. Do You Offer Repairs?
Some home inspection companies can complete the home repairs. Once the inspection concludes, ask the inspector for a rough estimate. Next, your real estate agent will show the estimate to the seller’s agent. Since many home contracts are contingent on a satisfactory home inspection, sellers are usually willing to pay for all repairs, especially if they need to move quickly. If the seller cannot or refuses to pay the repair costs, don’t feel obligated to purchase the home.
3. How Long is the Home Inspection?
The home inspection time varies depending on the size of the property. An average sized single family home may take two or three hours. A townhouse or condominium might take 1 ½ hours, whereas a large home could take up to five hours.
4. How Much Does an Inspection Costs?
Before making an offer on a property, buyers should take into account the cost of a home inspection. Factors that affect home inspection price include property size, location, depth of inspection, etc. The average home inspection cost between $300 and $500.
5. Can I Be Present at the Home Inspection?
Actually, the home inspector and real estate agent prefer that home buyers are present at the inspection. This way, you can ask questions. If you like, follow the home inspector throughout the property. Some inspectors are extremely personable and eagerly explain every aspect of the inspection.
- HomeInspector.com – New Home Inspector Website Instantly Connects Home Buyers, Sellers and Owners with Qualified Home Inspectors (prweb.com)
- Bucks: Home Inspections During Divorces (bucks.blogs.nytimes.com)
- Health Evaluations When You’re Buying a Home (women.webmd.com)
- Home Inspection or Appraisal: What’s the Difference? ASHI Sets the Record Straight for Homeowners and Buyers (eon.businesswire.com)
- What is a Home Inspection, and Why is it Necessary? (brighthub.com)
- Older Home Inspection Checklist- What You Need to Look For (brighthub.com)
- Questions to Ask During a Home Inspection (brighthub.com)