Complete Home Inspection (within 7 days after offer accepted)
Hiring a Home Inspector
If you are serious about buying a home, it is a good idea to figure out who your home inspector will be before submitting an offer. Once your offer is accepted, you typically have 7 to 10 days, as stipulated by your offer to purchase, to get a home inspection. If you already know who you will be hiring as your inspector, you can get them in earlier, leaving you more time for negotiation before it’s time to sign the Purchase & Sale Agreement.
Here are 10 important questions to ask when hiring a home inspector.
A home inspection is not a recommendation of whether or not to buy the home. A home inspector, in fact, is not allowed to tell you whether the condition of the home makes the deal good or bad for you. They are simply there to examine and report on the condition of the structure, plumbing, electrical, and heating/cooling systems of the home. A good home inspector will keep you informed as you make your way through the inspection and they will go over the report with you. If there is major work that needs to be done, the next step is to get quotes from reliable contractors. These quotes can be useful when renegotiating with the seller. If there is major work that needs to be done, it is a good idea to renegotiate the price with the seller, rather than asking them to fix the problem. You would rather make sure you get a good contractor to do the work instead of leaving it up to the seller. If the seller is unwilling to renegotiate to a price you are comfortable with, you have the right to walk away from the deal and get your deposit money back thanks to the Home Inspection Contingency in your Offer to Purchase.
You may want to have additional inspections done along with the Home Inspection. If you plan to have children under the age of six living in the home, you may want to get a lead paint inspection to reduce the risk of lead poisoning. To be sure there isn’t a termite problem, you will want to get a pest inspection. If your home has a basement or if it is on the first floor, you should get a radon inspection. You can read more about other types of inspections and the importance of having them done here.