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A home inspection is exactly what it sounds like- when you get your home inspected. The primary purpose of it during the home-buying process is to find out if there are any potential issues on the property. Not only will a home inspector be looking for defects, but also assessing the age of specific components of the property, as well as finding out how certain things work so they can inform the buyer.
During a home inspection, a professional home inspector will evaluate the condition of the various systems of a property, including:
Some additional items that home inspectors offer to check on (usually for an additional charge) are:
When the inspector is done, they will tell the home buyers what problems were found in the house. The inspector will provide a detailed home inspection report. This information can be used to Negotiate repairs or price adjustments: If issues are identified during the inspection, you can negotiate repairs or sale price with the homeowner before finalizing the sale.
If nothing else, the home inspection process gives the buyer a plan for future repairs and maintenance. Even if there are no significant issues, the inspection report can provide valuable information about the condition and age of all the systems and components in the home, helping you plan for future repairs and maintenance. A home inspection can provide potential buyers with the peace of mind and confidence that they are making an informed decision about a significant investment.
A home inspection is optional when purchasing most homes. However, it is strongly encouraged. Some home appraisals (FHA, VA Loans) require a brief review looking for more safety issues, but appraisal inspections are less thorough than a standard inspection.
A professional home inspection can help you find problems in the home that you might overlook. These problems can cost the new buyer a lot of money. It can also reveal things that may be safety issues, such as faulty electrical wiring or potential mold. Many people ask if one is recommended when purchasing a brand new home; despite most new construction coming with a warranty, it is still a good idea to get one.
Buyers can expect a range from a few hundred dollars to close to $1,000 when paying for a home inspection. This all depends on the square footage and age of the home, and also depending on how many extra services you want to be examined, for example, well water or radon testing. Most home inspections have a price sheet to show the price increase for extra services and older homes.
Your real estate agent can explain why it is crucial to get an inspection. They can also give you names of good inspectors in the area.
The length of a home inspection can vary depending on the size and age of the home, as well as the complexity of the systems and components being inspected. In general, a typical home inspection will take between 2 to 4 hours to complete.
During this time, the inspector will carefully evaluate all visible and accessible areas of the home, including the roof, attic, basement, electrical and plumbing systems, heating and cooling systems, and more. They will also take notes and photos to document any major issues or concerns.
It’s important to note that while the inspection may only take a few hours, the inspector may need additional time to compile their findings and prepare a detailed written report. This report will typically be provided to the homebuyer within a few days of the inspection.
Overall, while a home inspection can take several hours to complete, it’s a crucial step in the home-buying process that can provide valuable information and help ensure that you are making an informed decision about your investment.
In general, there are no fixes that are mandatory after a home inspection. The purpose of a home inspection is to identify any issues or concerns with the property so that the buyer can make an informed decision about whether to move forward with the purchase, negotiate repairs or price adjustments, or possibly walk away from the sale.
That being said, there are some situations where certain repairs may be required. For example:
Ultimately, the decision about whether to require repairs or adjustments after a home inspection will depend on the specific circumstances of the sale and the negotiations between the buyer and seller. In North Carolina, all issues that are found during the home inspection process have to be resolved or disclosed to any future buyer.
Yes, sellers can absolutely get a home inspection before putting their home on the market. Many, many sellers choose to have their home inspected before listing it for sale, as it can help identify any potential issues or concerns that may need to be addressed prior to putting the house on the market.
Having a pre-listing inspection can also provide several benefits for sellers, such as:
Ultimately, a pre-listing inspection can help sellers be better prepared for the selling process and potentially avoid surprises or delays during the transaction.
Contact your favorite Mantle Realty agent to learn more about buying a home and why you should get an inspection.
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Mantle Realty is a leading independent real estate firm based in the Triad of North Carolina. Mantle is passionate about providing clients with cutting edge technology and hometown service, whether they are buying or selling a home.
Many of Mantle Realty’s agents have lived in the areas they serve their entire lives, and love turning their clients into their neighbors. With offices in Greensboro, Lexington, and Welcome, Mantle is equipped to cover all of the Triad with convenience and care.
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