Your Home Inspector; Who, Why, & How
Your real estate agent isn’t the only resource you have at your disposal when considering a property investment. Home Inspectors can offer multiple benefits to ensure you make a sound decision. Here are a few things to consider when working with a home inspector.
Choosing the Right Resources
When you are choosing your resources you are in different situations. For example, you have a lot more time and freedom when choosing your realtor, compared to the time you may have for choosing a home inspector. Most often when you are ready to use this expert you are getting very close to closing the deal, and time is of the essence. Yet, choosing this inspector plays a very important role in making one of the most important decisions of your life.
The Home Inspection as a Bargaining Tool
Sometimes what can happen is the home inspection becomes a bargaining tool for the potential buyer. Their independent home inspector makes recommendations on repairs which gives buyers a chance to bargain for a lower price.
But an experienced property inspector can offer you the same bargaining chips, when it comes time to negotiate.
The Purpose of the Home Inspection
The real purpose of the home inspection is to ensure that there is no structural damage or mechanical problems with the home. When the inspector is doing his job he will look for these but will also report other findings in his report. This is where buyers sometimes get confused because they think all of the items listed in the report should be repaired by the seller.
The Credibility of the Home Inspectors
A great way to ensure your home inspector is reputable and experienced is through the American Society of Home Inspectors. You can search members of the organization knowing that members have gone through thorough training and continue to stay up to date on industry news and trends.
The Good Stories of Having a Home Inspection
Some may think that the home inspector’s tasks are easy ones but these professionals run into some very strange circumstances. In these cases one could only imagine what it would have been like if the buyers had purchased the homes without being aware of this. It’s unlikely that the buyer would have wanted to go ahead with the sale without having the sellers tend to the matter.
There are some individuals who are in the business of house flipping, so you could say they are far more experienced at being able to trouble shoot what may be wrong with a property. Yet, many of these experts will still rely on home inspectors. On occasion where they have not, it has cost them a lot of money to do major repairs that would have been spotted by a house inspector.
The Not So Good Home Inspections
It can happen that a home inspector may miss something that would be considered serious. One of the ways to avoid this is by making sure that you have chosen an accredited home inspector, and checking their credentials. Also, knowing what other steps you can take to help ensure that your home inspection is going to be done properly is to tag along during the inspection. This also gives you a chance to see things about the home that you most likely would not have noticed at the time you were doing your walk through when you were inspecting the home for purchase.
So Should You Buy or Not?
Sometimes you might disagree with your home inspector or even consider taking a risk on investing in the property when your home inspector made other recommendations.
This is where you must pass your own judgement to make the decision. If you have chosen an accredited and trustworthy inspector, and the issues he is pointing out could potentially be dangerous to your health, or cost you a lot of money in repairs, then you should not buy. At least not if the seller is not willing to rectify the issue. However, if the problems are minor then you may want to negotiate slightly with the buyer, or just decide to make the purchase and tend to the repairs yourself. Part of this decision will depend on just how much you want that particular house.
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