In my previous articles I have discussed the steps of getting pre qualified with a lender and submitting an offer on a home. What do you do once you have your offer accepted? With most real estate transactions once you have your offer accepted you will have a 10 day inspection period. I always recommend clients hire a professional home inspector to do a thorough inspection of the home. A standard home inspection is going to consists of inspecting the plumbing, electrical, roof, foundation, heating and air, and provide a detailed report.
The investment of paying for a home inspection is worth every penny. With a home inspection in hand I have been able to negotiate thousands of dollars off the purchase price for my clients. That’s not to say this will happen every time. But with a detailed written report it makes for a much stronger case when negotiating with a seller.
Inspections are also very important because while a home may visually look great, you just never know. There have been times when my clients have decided to cancel a transaction because the home inspection found too many problems. That small investment for a home inspection literally saved them thousands of dollars and many headaches.
The best place to find a reliable home inspector is a personal referral from your Realtor or friend. I would recommend working with an inspector that has many years experience and don’t be afraid to ask for references either. The quality of the home inspector is the key to success.
I would also recommend getting the home inspection done very early during your 10 day inspection period. I always try to schedule the inspection for my clients within the first couple of days. This is important so my client can have time to review the report and not make a rushed decision. Also with the extra time it will allow specialists like roofers, contractors, electricians, and structural engineers to inspect the property if necessary and provide estimates. Ultimately the inspection period is a great opportunity to make sure you are making the best decision and making a sound investment. Thanks for your time in reading and happy house hunting!