Condition of the Property and the Home Inspection Process
Most sellers are required by law to complete for the buyer’s approval, a Transfer Disclosure Statement. In this form, the seller notifies the buyer of any known items in the home which are not functioning properly, any known neighborhood nuisances, and a variety of other items that may be of concern to the buyer.
Phyllis Harb recommends that you have a home inspector conduct a thorough investigation of your property. It is suggested that you attend the inspection with me, so that you can understand the findings and to have any questions answered. The approximate time of the inspection varies depending upon the size of the home. The purpose of this inspection is to give you a professional opinion of the home’s condition.
How do you find a home inspector? Ask for recommendations, from anyone you know who recently purchased a home.
Your inspector will provide you with a detailed written report which will include a list of items that are not properly working, many will be unimportant, but some may be very important. It is common to feel overwhelmed after your inspection. You have just discovered that the home you love has flaws. Take a deep breath, not all of the defects are that important and don’t be reluctant to phone your inspector to ask for his further advice and opinions. You may need to obtain contractor’s bids for some of the larger items uncovered so that you are sure of the costs you might be facing.
In addition to the home inspector, you may elect to hire additional inspectors or specialists to inspect the fireplaces, foundation, sewer/septic, roof and or pool. Talk to me and or your home inspector if you have any concerns regarding these items.
You may make a written request to the seller to correct any defects that are unacceptable to you. No home is perfect - not even a new one and often the condition of a home is a reflection of the price paid. Frequently, sellers will live with minor problems in a home for years and may be unwilling to correct some of the “little things”. If you and the seller are unable to come to an agreement, you may cancel your escrow and assuming that you had an investigative contingency your deposit should be fully refundable.







The number one tip should be to have the home inspected and to discuss with the home inspector what the budget for repairs is vs what the repairs are going to cost.
Home buyers underestimate what will take to cure problems with distressed homes. They usually do not take into account all the other costs associated with buying and selling homes.
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