In the real estate industry, an inspection is an evaluation of the condition and functionality of a property by a certified inspector. Buyers pay for their own inspections, and although an inspection is not required to buy a home, it is highly recommended.
The inspection is an important step in the homebuying process as it gives the buyer peace of mind that the home is in good working order. At the end of the inspection, the inspector will review the findings point by point. A good inspector will also take the opportunity to educate the buyer on upkeep and maintenance of the home and its features and systems.
Once the report is complete, buyers review the report in more detail and discuss potential concerns with their agent. If there are any issues that affect the safety or functionality of the property, repairs can be requested. IT is important to remember that the sellers have no obligation to agree, but reasonable requests are often considered.
We recommend several ways to make sure buyers get the most out of the inspection process:
Choose the Right Inspector
An inspector is a certified professional with experience evaluating the strengths and weaknesses of a home and its systems. It is important to choose someone with the right qualifications and training. If you can rely on the inspector, you are more likely to get a reliable inspection report.
Most real estate agents have a few inspectors they can recommend with confidence based on experiences with past clients, so don't hesitate to ask your agent where to start.
Attend the Inspection Wrap Up
In order to get the most out of the inspection, buyers should always plan to attend the end of the inspection. This will give the inspector an opportunity to go over anything that was found during the inspection. Ideally, the inspector will also go over how certain things in the home work and how the new owners can maintain the home and keep it in great condition.
While it might make sense to attend the entire inspection, our team has found that it is most beneficial for the buyer to meet with the inspector at the end when the report has been completed. This allows the inspector to focus on the property evaluation without distraction. Then, during the review at the end, the buyer can get complete information rather than collecting it piece by piece throughout the inspection.
Ask for the Right Repairs
While the inspection is a great opportunity to find out about the home you plan to buy, buyers should remember to be realistic in their repair requests. A good inspector will review everything in the home. However, visible, aesthetic problems, such as worn flooring, don't qualify as something that affects the functionality or safety of the home.
As our team advises our clients, asking for only the most important repairs is the best way to get your requests accepted.
Search every listing on the MLS and see only the homes that match your criteria when you create a custom search using our advanced search tool, or use the map tool to draw the location you'd like to buy in.
Not sure where to start? Contact us and we will connect with a local specialist to help you get started.