So you’re under contract on your first home purchase — congratulations! You now enter the 10-day home inspection period, where you get to “peek underneath the hood” of your home, so to speak. As a buyer, you are responsible for hiring a certified home inspector (who can be recommended by your real estate agent). The inspector will check for potential issues and verify the home is in good working order. Though inspections are optional, the findings of the home inspection will help you make an informed decision about whether you really want to invest in the property or not.
According to Freshome.com, home inspections vary depending on the type of home you are purchasing. Generally though, the inspector will examine the home’s foundation, basement, attached structures, plumbing, electrical systems, heating and cooling systems, windows, doors, walls, ceilings and appliances. The inspector will then make recommendations for needed repairs, but will not personally make the repairs. You can ask your inspector for referrals to licensed contractors who can perform the work if needed.
Can I attend the home inspection?
You betcha! We highly recommend you attend your home inspection. Phoenix area certified home inspector (and favorite of Value Nation) Dennis Letner encourages home buyers to also bring along someone experienced with home construction.
“The inspector should be able to answer any question and be able to teach how components in the home operate,” Letner says. He adds that home buyers should ask the inspector questions lots of questions. “They should take the time with the inspector to get to know the home they are looking to purchase, [as well as] problems associated with that home prior to deciding to move forward with the purchase,” he says.
What if repairs are needed?
Once you receive your home inspection report, you may find that your home needs some repairs. Your real estate agent can help you negotiate repairs with the seller by either asking them to make the repairs before close or by crediting the buyer money to go towards them
Some sellers list their home “as-is.” In these cases, the seller is unable or unwilling to make any repairs on the home. But never fear! Your agent will go over your home inspection report with you. She will then help you decide if it’s wise to move forward with the purchase or back out of the deal, based on the inspector’s findings and the severity of the issues.
Are you ready to buy your first home? Value Nation is here to help! Not only can we recommend an excellent home inspector, but we’ll guide you through every step of the buying process. We’ll also save you tons of money in the end with our buyer rebate program. Contact us today!