Important questions to ask a home inspector: How long have they been an inspector and how many inspections do they do each year? Can you ask questions during the inspection? Will they provide a full written report? Do they carry errors and omissions insurance (E&O)? This kind of insurance...
A home inspection is meant to check the overall condition of a property, to make sure the house has no significant issues like: Signs of leaks and water damage Issues that threaten the home's foundation and structural integrity Damage to the roof Problems with the home's electrical ...
The buyer is the primary beneficiary of information in the inspection report, so that's who pays for it, and since no law requires an inspection, it's technically possible to opt out. That's generally a bad idea, however, and in some cases, the lender may require the inspection before ...
My inspections are easy to read and have lots of photos with arrows pointing to defects you can see. I try to write in language you can understand and I never condemn a property because people often want to buy fixer-uppers to save money and in those cases I simply list the items that...
1. Negotiating after a home inspection is a common step in home-buying. 2. A home inspection aims to identify any issues or concerns with the property. 3. After receiving the inspection report, buyers can negotiate with sellers for repairs, a concession, or a price reduction. ...
An insurance inspection is used to determine loss risk and may also be required if your home is older, has not been recently inspected or has a record of insurance losses. Failing a home inspection could require major repairs to bring your home up to insurable condition. Bankrate’s insurance...
At least two or three months before you plan to list, consider getting apre-sale home inspection. This isn’t mandatory, but it can be useful, especially in an older home. For a few hundred dollars, you’ll get a detailed inspection report that identifies any major problems. This alerts...
According to our recent survey, home sellers spend an average of $19,773 on repairs and renovations after negotiating with the buyer, and the home inspection report is key to this process.As a buyer, you should almost always expect to receive some concessions from the seller; nearly 90% of...
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An inspection report can include everything from material defects that negatively impact a home's value to minor cosmetic issues. Based on the report, the buyer may decide to proceed with the sale, schedule additional inspections, renegotiate the sale price with the homeowner, ask that certain re...