If you’ve found a house that you want to buy, then one of the most important things you need to do before signing on the dotted line is to schedule a professional home inspection. A home inspection will help identify any issues with the property that the seller may not have known about and that could potentially be costly. You’ll want to know about any repairs or replacements you have to pay for before you hand over a check for the house, after all. The following are a few things that you’ll want to know about home inspections in general:
What does a home inspection cover?
A professional home inspector will evaluate the condition of the home and look for safety issues, major or minor defects, items (such as HVAC units or appliances) that need to be replaced, items that need to be serviced or repaired, and items that are fine now but may need repair or replacement in the near future.
Can you back out of a sale agreement based on the inspection?
Generally speaking, most contracts contain contingencies that state that if significant problems are found during the home inspection that the buyer can back out without fear of losing any of their money.
Are there any other solutions besides backing out?
You can discuss the situation with the seller. They may be willing to pay for any repairs or replacements. If they do this, you’ll want to agree to a date by which they will have it done before you buy the house. Alternatively, they can knock the cost of the repairs or replacement off the price of the house.
A home inspection will help prevent you from buying damaged goods. For more home buying tips, be sure to reach out to us at Randy Lindsay today.