Buying a home is a proud moment and a major investment for anyone. Prior to submitting your offer, it is important to do your research and find out as much information as you can. As a potential buyer, part of this process includes touring the house, having a home inspection done and using those results along with other comparisons to come up with a price you feel comfortable making an offer for the house.
One of the first steps in the home-buying process is to tour the home. Touring the house with a licensed agent allows buyers to get general information about the property, ask any questions they may have and see the overall condition of the house from an inside perspective.
Interested buyers will then usually have a certified home inspector come for a formal inspection of the home. The purpose of the home inspection is to inform both the buyer and seller of issues that need to be addressed. A typical inspection consists of checking to ensure that the appliances that will be included with the home are in working condition, that the electrical outlets are safe, that the roof is not leaking or sinking anywhere and that the house is overall safe from any major damages.
During an initial tour of the house, buyers and their agents may be able to notice paint chips, dated carpet, older bathrooms and any cracks in the walls and ceilings, but without having a formal inspection done by a professional, they may overlook some major issues.
It is important for buyers to consider all these small details and place their offers accordingly. It is important to understand that one should not make an offer with the intent that they will get money deducted from the purchase price for inspection issues. Therefore, when getting the report back it is important to make sure to request credit or repairs for items that are imperative to the safety of the house as soon as possible
In a situation where there may be other considerable interest in the same home, and the purchase is contingent on a home inspection, it is important to make decisions as informed and as quickly as possible so the deal does not go stagnant and even have the seller back out of the sale. Hiring a home inspector who can give you an accurate and fast delivery of your home inspection report is imperative, one, not to waste time, but also as a great negotiation tool to request any credit towards repairing major defects that may otherwise make the house less desirable to purchase.
While keeping the problems and repairs in mind is important, it is equally important for buyers to not get too picky. Depending on current market conditions, interest rates, rent prices and the demand for housing, sellers can lose patience. If a buyer is being difficult haggling over the results of the inspection, the seller has every right to deny those requests and walk away from the deal, another good reason to get your home inspection report quickly and work out those details.
Buyers should look to their agents and attorneys for advice on how to proceed after reviewing an inspection report. This will allow them to receive the proper guidance, so they don’t lose out on a house they really want and they will appreciate you getting them the report as quickly as possible, some deals are all about the timing.