The Importance Of Home Inspection

Improved Essays
In many real estate transactions, home inspections are the first and the last actions taken by the home’s seller. There reasons for both instances are beneficial to the seller for determining the condition of the home and establishing the market listing price. Most homeowners have a sense of pride in their home and from time to time there are mishaps that can surprise the seller resulting in costly expenses for repaid.
It’s worth having specialists check the areas a home inspector of your home before listing your property for sale. Having lived in the home for years, things settle in and hidden damages may get past the owner, but home inspectors know the signs of serious problems. They can also identify the minor ones, with easy solutions
…show more content…
There is an agency that regulates unethical behavior for home inspection services. Not all lenders require a home inspection, so sellers may skip the home inspection and agree to pay the extra cost for repairs at closing. As the seller if you can afford to sell the home for less or have a sufficient profit after all of the costs have been paid through escrow this option may work. In most cases, this is not the best solution for the seller or the buyer and realtors do suggest a home inspection to save money and list the home for full market …show more content…
If a circuit breaker shuts down the inspector can check the systems for any faults. Same is going to happen with the plumbing, don’t be surprised when the inspector turns on every water function in the house. They are checking for leaks, water flow and proper drainage. These are going to include the outside sprinklers.
5 New Homes
Even if your home is fairly new, real estate transaction require home inspections. This is an opportunity to get a pre-inspection prior to listing your home anticipating a great final report. Talk with your realtor, the report may be adequate enough for the interested buyer and lender to accept and not request an inspection prior to closing, saving you some money. On the flip side, if there are repairs to done, it’s better to know ahead of time and get them fixed.
6 No Do It Yourself
This process is critical to your home selling and the final report needs to be presented by a certified home inspection service. It’s a mistake for homeowners may attempt to do the pre-inspection you may miss a problem that causes the sale to fall out or ends up costing a large part of your expected payout. If and when a home inspection services does find a problem it could make the buyers nervous, where there is smoke a fire could possibly be waiting to

Related Documents

  • Improved Essays

    Eastlake

    • 1753 Words
    • 8 Pages

    The Revitalization of Eastlake, Ohio Eastlake started off as a small village and in 1951 it officially became a city in Northeast Ohio. Home to the Lake County Captains minor league baseball team, which brings in most of the city’s tourism. The population as of 2013 was 18,418, a 9.1% decrease since 2000 (Kamenov). In Eastlake, there are many buildings that have been abandoned by the owners and left to build up dust. Some examples of these buildings are the old Wal-Mart on Vine Street and the old Sears also located on Vine Street.…

    • 1753 Words
    • 8 Pages
    Improved Essays
  • Improved Essays

    The home improvement contractor scam known as the "Traveler" has been around for decades, and consumer advocate Courtney Yelle estimates that they bilk consumers out of more than $20 million annually. Since home improvement contractors often work out of their vehicles, this scam can appear quite benevolent at a glance, especially since professional scam artists don 't seen like solicitors first. But once you fall for the Traveler 's scam, you could wind up losing thousands of dollars. This home improvement contractor scam seems pretty innocent at first. You 're doing chores around the house on a lazy Saturday afternoon when your doorbell rings.…

    • 1364 Words
    • 6 Pages
    Improved Essays
  • Superior Essays

    they know the market, the right price for the house and many potential buyers. that is information's…

    • 1234 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Uspap Appraisal Report

    • 856 Words
    • 4 Pages

    The appraiser has analyzed the subject property as seen by a typical buyer/seller in this market. The subject's market area was examined relative to supply/demand and marketability vs. similar competing properties. A wide range of data was reviewed, considered and filtered in the process of collecting comparable sales for analysis and inclusion in the adjustment grid. These sources include the MLS, Assessor, knowledge of prior appraisals in the area and an awareness of a great multitude of other ongoing sources of information. Please see Appraiser's Certification, #12 & 13 and Statement…

    • 856 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    House Flippers Insurance

    • 679 Words
    • 3 Pages

    As a flipper, you may spend a considerable amount of time fixing up homes, meaning they're vacant for a while before you sell them. Insurance companies don't like it when a building is totally vacant, because it's more susceptible to vandals, such as graffiti artists or even squatters, who might temporarily…

    • 679 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Why Pre Purchase Building Inspection is essential Pre Purchase Building Inspection provides you comprehensive insight about the property before you decide to buy. The main purpose of Pre Purchase Building Inspection is to inspect and identify: • Structural Damage • Property Defects • Or any prevailing issue that can cause further damage • Safety Issues • Maintenance issues What goes into Pre Purchase Building Inspection?…

    • 158 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    A hurricane with a category 5 consist of high level wind, Damages to properties. In order to be prepared for a category 5 always plan to evacuate, have supplies, protect your home. Main reason people evacuate is because of flooding, high wind speed. Always find out if you live in an evacuation zone.…

    • 288 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    You may find, however, that you have one more hurdle to clear. Some communities utilize a condominium association or homeowners association (HOA) to govern the community. There is no opting out of an HOA if your new home has one. You automatically become a member and agree to be bound by the HOA's rules upon buying your home. To keep the community safe and desirable, some HOAs insist on running a background check on all prospective buyers and tenants before…

    • 821 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Goal: Educate home buyers as to why a septic inspection is so important before buying Word count in this document: 797 Title: Why you should get your future home's septic inspected before buying it If you're looking to buy a home, you should always get it inspected first. You can never be careful when making a huge purchase like this, so it's always a good idea to get it thoroughly inspected before you sign those final papers. Aside from getting your potential future home inspected, you should also find out if it has a septic system.…

    • 831 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Upheavals In Texas

    • 628 Words
    • 3 Pages

    When the conditions are right, the soil beneath your home can move up against the foundation with sufficient force to crack and move it upward. Because your house rests on the foundation, this upward movement will damage the floor and nearby walls. The ceiling above the damaged walls will likely be affected as well. Upheavals almost always cause damage to both the house and its foundation, unless the entire foundation is lifted evenly by the same amount.…

    • 628 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Real Estate Attorney

    • 614 Words
    • 3 Pages

    Purchasing a home is one of the biggest things you will ever do in your life. And, the actual transaction of the purchase can be very long and complicated. If anything is done incorrectly and mistakes are made, it could result in some serious problems. People have differing opinions about the importance of real estate attorneys, but make no mistake, this is a very important person to hire when you are purchasing a home, be it your first time or your tenth time. As you will see below, there are many steps to be taken when purchasing a home and there are several things that could go wrong.…

    • 614 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    RAC Argument Analysis

    • 614 Words
    • 3 Pages

    An outside inspector can see while your more established documents might not have been consistent, the issue was identified and remedied…

    • 614 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    Home Inspections In Texas

    • 1054 Words
    • 5 Pages

    All of this will need to occur DURING your option period. Should it exceed the time frame of your option period, and you have not extended the option period, you are stuck with purchasing the home, no matter what additional problems may be revealed in the condition of the home. Should I attend the inspection? If you are the Buyer, I recommend you have the inspector call you before his inspection is concluded.…

    • 1054 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Many people who want to buy a home just go to a real estate agent. While there is nothing wrong with this approach, the onus is on you to first know what you want. Remember, real estate agents are in the business of making money and all they want is to close a deal as soon as possible, so that they get their commission. Never ever go straight to a real estate agent. With the availability of the internet, you should be able to decide what type of property you are looking, how big you want, the amenities and the location.…

    • 670 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Appearances can deceive many people. In the story Macbeth, there are many times that people deceive others. People even in our day and age deceive others by putting on false appearances. In the story Macbeth, the main character Macbeth puts on a false appearance many times.…

    • 393 Words
    • 2 Pages
    Improved Essays