General
Information
Answers to the most Frequently Asked
Questions
of real estate professionals!
Home Inspections |
  |
What is an
inspection?
An
Inspection is a visual examination of the physical structure and systems
of a building. If you are thinking of buying a home, condominium, or a
commercial building, you should have it thoroughly inspected before the
final purchase by an experienced and impartial home inspection inspector.
Why do I need an inspection?
The purchase of a home or commercial building is one of the largest single
investments you will make. You should know exactly what to inspect both
indoors and out, in terms of needed and 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 the 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, and be able to make your decision confidently.
What does
an inspection include?
As a seller, if you have owned the building for a period of time, an
inspection can identify potential problems in the sale of your building
and can recommend preventive measures that might avoid future expensive
repairs. A complete inspection includes a visual examination of the
building from top to bottom. The inspector evaluates and reports the
condition of the structure, roof, foundation, drainage, heating system,
central air-conditioning system, visual interior plumbing, and electrical
systems, visual insulation, walls, windows, and doors. Only those items
that are visible and accessible by normal means are included in the
report.
When do I request an Inspection?
The best time to consult the inspector is right after you've made an offer
on your new building . The real estate contract usually allows for a grace
period to inspect the building. Ask your professional agent to include
this inspection clause in the contract, making your purchase obligation
contingent upon the finding of a professional inspection.
Can a building "fail" an Inspection?
No. A professional inspection is simply an examination into the current
condition of your prospective real estate purchase. It is not an appraisal
of a Municipal Code inspection. An Inspector, therefore, will not pass or
fail a building, but will simply describe its condition and indicate which
items will be in need of minor or major repairs or replacement.
What if the report reveals problems?
If the inspector finds problems in a building, it does not necessarily
mean you shouldn't buy it, only that you will know in advance what type of
repairs to anticipate. A seller may be willing to make repairs because of
significant problems discovered by the inspector. Or, more commonly, the
seller will reduce the cost of the property based on the cost of repairs.
If the report is favorable, did I really need an inspection?
Definitely! Now you can complete your purchase with 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 future reference. Above all, you
can rest assured that you are making a well informed purchase decision and
that you will be able to enjoy or occupy your property.
Should I attend the inspection?
It is not necessary for you to be present for the inspection, but it is a
good idea. By following the inspector through the inspection, observing
and asking questions, you will learn about the new building and get some
tips on general maintenance information that will be of great help to you
long after you've moved into your new property.
|