What you can expect from a Home Inspection.
After negotiating for what seemed like forever, you finally reach an agreement on the price, terms, and closing date of your real estate transaction. However, there are a few key factors that you should keep in mind when it comes to preparing for the home inspection.
Why you should have a home inspection done?
A home inspection is a type of evaluation that's performed on a home for the purpose of assessing its current condition. It's also used to identify potential issues that could affect the sale or purchase of a home.
Who should attend a home inspection?
There are various perspectives on the attendance at home inspections. As a home inspector, he or she is primarily engaged in the buyer’s side of the transaction. Here at Black Beard Home Inspections we focus on our client answering all their questions and giving them the knowledge they need to make a decision.
What is included in a typical home inspection?
The home inspector will check the structural elements and major systems of a home in order to determine if they need to be repaired or updated. He or she will also look for issues that could cause a potential safety hazard.
A home inspection typically takes anywhere from 2 to 3 hours to complete. For most homes, this can take up to 4 hours to complete.
The home inspection protocol typically includes most visible and accessible parts of a home. It may also include in-depth examinations of specific systems or components of a home.
What happens after the Inspection?
You can expect to hear back from us in 24 hours. Once the buyers have decided on the repairs that are required, they will then consult with their agent to discuss the matter.
What fixes are mandatory after a home inspection?
Mandatory fixes are those that are required by a lender before a home loan is approved. These include addressing various issues such as safety violations and structural defects.
HVAC system repair or replacement
Major roofing issues
Foundation or structural damage
Plumbing systems, including septic systems
Does the seller pay for repairs after inspection?
The seller has the option to pay for the repairs or to offer a cash credit at closing. Should the seller choose to not make the repairs, the buyers have the option to terminate the sales contract.
In certain circumstances, such as an information-only inspection, the seller may choose not to provide a home inspection contingency or provide a sales contract with no contingencies.
Is a Home inspection pass or fail situation?
No matter how good or bad the home inspection may be, it is not going to prevent a transaction or close.
The goal is to negotiate the terms of the inspection instead of just passing it. Passing the inspection means that you are moving forward with the repairs.
How much does it cost to hire a home inspector?
The average cost of a home inspection is around $315. Most home buyers will pay around $355, while the general home inspection costs can vary significantly.
The size of the home, the type of home (condo, co-op, single-family) additional features including pool, tennis courts, guest house, or other outbuildings.
A specialist inspection may require more expertise and experience than an ordinary inspection. For instance, a roof inspection may require more than a simple inspection.