What does a typical home inspection fit in a home buying scenario?
Updated: Jan 1
1. Buyer goes hunting for a home, she views many homes, then found a home she wants to buy.
2. She puts in an offer and the offer gets accepted.
3. Buyer will now have around 5 days to have a contract signed.
4. Buyer and Seller will hire attorneys to represent them.
5. Buyer will hire a home inspector to make sure the home doesn't have significant defects that would cost too much money to continue with the sale.
6. The home will be thoroughly inspected. All aspects of the home such as the roof, site, exterior, interior, plumbing, electrical, HVAC systems will be assessed. Termites, Mold, Asbestos, Lead, and Air Quality and environmental inspections and now included in a home inspection report. Once the home inspection is completed and the report will be sent to the buyer and other parties that buyer wants the report to be sent to. The report may not be used for another buyer.
7. Our inspectors are also licensed termite inspectors and we will include a a termite inspection report which is required for most lenders.
8. The punch list will go to the attorney and will be added to the contract as an addendum.
9. Negotiation will take place before the signing of the contract. If it is a Buy As Is, Home owner will not make any repairs and the buyer can decide if she wants to continue or not based on the findings of the home inspection.