Home inspections are an essential part of the home buying process. It allows you to get impartial information about the house you are about to buy so you can avoid potentially pricey pitfalls. When you make an offer on your home, you can request an inspection contingency. This will allow you to back out of your offer without penalty within a certain timeframe if you are dissatisfied with the home inspection and are unable to resolve any inspection issues with the sellers. It should be noted that most inspections are able to be negotiated successfully between the buyers and sellers.
A qualified home inspector will pinpoint health and safety problems and look for any conditions that need specialized attention. An inspection includes physical elements such as roof, walls, foundation, insulation, attic and basement. It includes heating and cooling systems, plumbing, electrical and even examination of appliances. A home inspector provides a comprehensive report that details any issues found in the inspected home.
There are 3 things to remember about home inspection reports:
A home inspection is not a warranty. The report details the issues found on the day of the inspection and cannot predict issues that may arise in the future. No matter how skilled your home inspector is, he can’t see the future and predict when an aging system may fail.
No home is perfect– Even newly constructed houses can have issues. Some home buyers make this mistake of not having their new house inspected by a professional.
It’s not pass or fail– The home inspection report gives you all the details you need to help you make a decision whether or not to proceed with the sale of the home, negotiate with the seller to have the issues fixed or to reduce the purchase price.
The Bottom Line
The home inspections can reveal problems that you may negotiate with the sellers to fix before the closing or before you move in. It may cost you some money, but you’ll be glad you did it because, in the long run, every penny spent is worth it. Home inspection can give you peace of mind that the home you are about to move into is safe and in a good shape.
5 Reasons Why You Should Sell Your House During the Winter Season
Winter is not traditionally regarded as being the best time to put a property on the market, so most sellers opt to wait until Spring arrives when they expect greater interest from buyers. But times have changed! Spring tends to be the busiest time for real estate overall, but that does not make it the best time to sell. Why?
With fewer listings to choose from in the winter, your home faces less competition then during the busy Spring season. This increases the chances that showings will turn into offers. You can expect a flood of new inventories in the first quarter of 2015 and as supply increases, the likelihood of you getting an offer at an acceptable price decreases.
Buyers have more time to look for homes when they are likely to have time off work
Some people are eager to buy before the end of the year for tax reasons
People who look for homes now are serious buyers! They won’t be dissuaded by the weather like “Spring shoppers” who are just curious, but not really looking to buy.
Buyer’s emotions tend to run high during this season as they look for a new home to celebrate the Holidays in. You can help garner these warm feelings by having a decorated home ready to show off just how welcoming your home really is.
Interest rates remain incredibly low this year. Savvy buyers will be taking advantage of this while it lasts. By Spring, the interest rates may be rising! Lower interest rates also allow buyers to afford a more expensive home than they could with high interest rates – a win-win for both buyers and sellers!
Our home search tool offers you all of the listings on the market. You can also set up free listing alerts, and properties that match your selected criteria will be sent straight to your inbox the minute they come on the market!
The data on this page is consolidated from multiple sources so you do not have to go to numerous sites for information. We can help you find current listings, recent sales, neighborhood data, and more. Whether you’re a buyer or a seller, the knowledge you gain will help put you in control of your real estate transactions.
For our sellers, we offer a free home value analysis. You will receive a custom evaluation of your home. We make sure to compare your home to other in your area that have sold, are for sale, or were taken off the market. This ensures you accurate information when you are preparing to list your home for sale.