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About Home Inspections
Buyers (and Sellers)
are always concerned about the Home Inspection. But this is a
wonderful service that can help identify and resolve problems early in
the purchase process.
For Your Protection, Get an
Inspection!
We know several licensed inspectors that we
are happy to recommend. Click here
for our Help & Services page.
Why Do I Need An Inspection?
Because this is one of the largest single investments you will ever make.
And most buyers are not knowledgeable enough to identify potential
problems. Before your option period ends, you want to know as much
as possible about the condition of your purchase so you know what to
expect in terms of future repairs and maintenance.
A fresh coat of paint could be hiding serious structural
problems. Stains on the ceiling may indicate a chronic roof leakage
problem or may be simply the result of a single incident. The inspector
interprets these and other clues, then presents a professional opinion as
to the condition of the property so you can avoid unpleasant surprises
afterward. Of course, an inspection will also point out the positive
aspects of a building, as well as the type of maintenance needed to keep
it in good shape. After the inspection, you will have a much clearer
understanding of the property you are about to purchase.
(As a seller, a pre-listing inspection can identify potential problems
allowing you to remedy them before a Buyer's inspection discovers issues
that might weaken your position in negotiations.)
When Should I Call an Inspector?
The best time to consult the inspector is right after your offer to
purchase has been accepted because that is when the "Option Period"
usually starts. An "Option Period" is typically a part of the residential
purchase contract. This provides an opportunity for the Buyer to have
appropriate inspections performed within this time period (usually 5-10
days). Make sure you know the number of days in your Option Period so you
have time to schedule the inspections, evaluate the results and enter into
negotiations if necessary.
What items are Inspected?
A General Inspection includes a visual examination of the house from top
to bottom. The inspector evaluates and reports the condition of the
structure, roof, foundation, drainage, plumbing, heating system, central
air-conditioning system, visible insulation, walls, windows, and doors.
Only those items that are visible and accessible by normal means are
included in the report.
There are four types of inspections: General, Structural, Termite, and
Environmental. Most Buyers get a General Inspection and, based on
its findings, decide if the property needs additional specialized
inspections. However, FHA loans and some mortgage companies will require a
Termite inspection regardless.
Can a house “FAIL” the General Inspection?
No. A professional inspection is simply an examination into the current
condition of your prospective real estate purchase. It is not an
appraisal or a Municipal Code inspection. An inspector, therefore,
will not pass or fail a house, but will simply describe its condition and
indicate which items are defective, will be in need of minor or major
repairs or replacement or are safety hazards..
What If The Report Reveals
Problems?
If the inspector finds problems, it does not
necessarily mean you shouldn’t buy, only that you will know in advance
what type of repairs to anticipate. A seller may be willing to make some
repairs or concessions, but they are not required to do so. If your budget
is tight, or if you do not wish to become involved in future repair work,
you may decide that this is not the property for you. The choice is yours.
Again, Buyer and Seller need to negotiate these concerns during the
Option Period. Remember, maintenance items are not "defects", and
generally, those items that are visible and obvious to you during your
visits to the home prior to making an offer, are not correctable "defects"
through the inspection. Nor are improvements considered 'defects'. And,
keep in mind, what's "code" today may not have been "code" when the house
was built, and unless the city has such an ordinance, the seller is not
required to 'bring the condition up to code'.
If The Report Is Favorable, Did I Really Need An Inspection?
Definitely! The Inspection is not a guarantee that something will
not go wrong, but you can complete your purchase with more peace of mind
about the condition of the property and its equipment and systems. You may
have learned a few things about your property from the inspection report,
and will want to keep that information for your future reference. Above
all, you know that you have done your due diligence in making a
well-informed purchase decision.
Can I Inspect The Building
Myself?
Even the most experienced building or home owner lacks the knowledge and
expertise of a professional inspector who has inspected hundreds, and
perhaps thousands of homes and buildings in their career. An inspector is
equally familiar with the critical elements of construction and with the
proper installation, maintenance and inter-relationships of these
elements. Above all, most buyers find it difficult to remain completely
objective and unemotional about the property they really want, and this
may lead to a poor assessment. However, you are not required to have an
inspection. If you elect not to have a professional inspection performed,
your real estate agent will probably want you to sign an acknowledgement
that you were advised to have an inspection.
How Do I Find A “Qualified”
Inspector?
In Texas, inspectors are licensed by the Texas Real Estate Commission.
There are many licensed inspectors listed in the phone book. Personal
referrals from a friend, relative, or business acquaintance who has had a
recent inspection is an excellent method. Another alternative is to ask
your real estate agent who he or she would recommend. Buyers should employ
a qualified and reputable licensed home inspector, not an untrained family
friend. (You would be surprised how many buyers think their "handy-man"
brother-in-law is qualified to do the inspection!)
What Will The Inspection Cost?
The inspection fee for a typical single-family house depend a lot on the
property to be inspected. The inspection fees vary depending upon
the size of the home, type of construction, age, additional features like
pools, etc. However, the cost should not be a factor in the decision
whether or not to have an inspection. You might save many times the cost
of the inspection if you are able to have the seller perform repairs based
on significant problems revealed by the inspector. Call and compare prices
... but get an inspection. It is money well-spent.
Do I need to be there during the Inspection?
It is not necessary, but it is a good idea. By following the inspector
through the inspection, observing and asking questions, you will learn
about your new house and get some tips on general maintenance. Information
that will be of great help to you after you’ve moved in.
Should my real estate agent be
there during the Inspection?
Your real estate agent will make arrangements for your inspector to have
access to the property, but will usually not be present during the
inspection. Most real estate agents are not inspectors, so make the most
of your inspector's training and knowledge by focusing on his evaluation.
He will provide a printed report that you can discuss with your real
estate agent after the inspection is complete.
If you have additional questions
regarding Home Inspections, please give us a call. |