Home Buyer's Guide to Home Inspections

Home Buyer's Guide to Home Inspections

A home inspection is a vital step in the home-buying process. Get to know the process with this quick guide for buyers 

The goal of the inspection is to have a professional, third-party evaluate the home on the structure, foundation, walls, ceilings, floors, doors and windows, basement, attic, roof, plumbing, electrical, heating, and air conditioning.

 

Home inspections won't typically cover lead, mold, radon, asbestos, pest and rodent inspections. The inspection is conducted once under contract on a home. Most buyers include a contingency in their offer which states the sale is subject to a satisfactory home inspection. The contract also provides dates for inspection completion and reporting the findings back to the seller.

As a buyer, you're responsible for the cost of the inspection, which is usually between $300-$500 depending on the size of the home.

Meet your home inspector at the home to shadow on the day of the inspection and ask plenty of questions. The inspection typically lasts two to three hours and at the end you'll be issued a detailed report with the findings.

 

You will then decide whether to finalize the deal or to proceed with negotiations. You can ask the seller to make necessary repairs, renegotiate the price, ask for credits to cover the damages, or cancel the contract. But these options must be selected when the offer is written. There are some homes sold as-is, with inspection. In this case, the seller will not be required to negotiate the contract. The buyer will need to decide on proceeding with the contract or cancelling it. Your Realtor will be able to guide you through this phase of the process.

 

Happy Spring Home Buying!


​​​Shenita D. Perritt, Realtor®, SFR®, CMCA®

Bennett Realty Solutions 

Licensed in DC, MD, & VA 

Residential & Commercial Real Estate Services

Short Sales & Foreclosure Specialist

Office: 301-459-5040 |  Mobile: 202-664-2841

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​Email: info@shenitasellsrealestate.com​ | www.shenitasellsrealestate.com


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Phone: 202-664-2841
Dated: March 23rd 2021
Views: 19
About Shenita: Shenita is a licensed commercial and residential real estate professional in the District of Columbi...

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