Tips for Home Buyers
There Will Be Issues
During any inspection there will be problems, repairs, or maintenance items to list, no matter if the home was built last year or 30 years ago.
Once you have the information, the conversation then becomes, are there any major problems with the structural and mechanical components of the home? Or, are we dealing with minor repairs that are easily taken care of?
Problems with the roof, foundation, or potential big-ticket items like windows are probably worth discussing. Also, if there are signs of water in the basement or potential mold, these fixes can be costly and may need to be explored further. Local code safety violations will also be noted and must be fixed before closing.
Inspectors Can't Tell You the Future
An experienced home inspector will provide an in-depth analysis of your new home, pointing out areas of concern, and things that may become a problem down the road. Even though the roof does not need to be replaced now, it can be helpful to know that it may need to be in a year or two. However, your inspector can’t predict the future. Repairs and maintenance are just par for the course when it comes to being a homeowner.
Don’t Invite Everyone
Of course you’re excited about your new home, and it’s understandable that you want to show it off to friends and family, but the inspection is not the time. Your inspector is there to do an important job, and a crowd of people can be distracting.
“The deal has not closed yet, so be mindful that it’s still the seller’s property,” said Leak. “Try to limit the number of people you bring along, and remember to be respectful while in the home. If you open a window or door, just make sure you lock it back up.”
Don’t Skip the Inspection
In this fast-paced market where inventory is low and buyers are plentiful, you want your offer to stand out. While you may throw in some incentives to sweeten the pot, don’t be tempted to waive the home inspection. With an investment this large, you need to be as protected as possible, and the home inspection is a critical step. Any professional REALTOR® will tell you that the inspection contingency provides an extra level of security, and waiving it is rarely worth the risk.