What is a home inspection?
A home inspection, as defined, is an examination of the physical structure and systems of a home, which provides a detailed 'snapshot' of the condition of the home at the time of the inspection. The purpose of a home inspection is to help reduce some of the risk involved in purchasing a home; however, it cannot eliminate those risks, nor can the inspector anticipate future events or changes in performance due to changes in use or occupancy. The inspection will cover any potential health and safety issues in addition to areas in need of repair or replacement.
In Texas, inspectors must be licensed by the Texas Real Estate Commission (TREC), and are required to comply with the TREC Standards of Practice when inspections …show more content…
There is no 'pass' or 'fail' rating issued.
When do I schedule the home inspection?
Once the purchase contract has been signed, you will want to schedule your home inspection right away. This is because you will want to find out about any potential problems, have time to schedule any additional inspections that may be required, and of course...time to negotiate repairs with the Owner. 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. Allow yourself enough time to get there and attend a final walk-through with the inspector. You will want him to show you any potential problems - also, feel free to ask any questions about his report. If you are the Seller, you have every right to attend; however, I recommend that you do not follow the inspector around the house trying to justify any deficiency he writes
A home inspection, as defined, is an examination of the physical structure and systems of a home, which provides a detailed 'snapshot' of the condition of the home at the time of the inspection. The purpose of a home inspection is to help reduce some of the risk involved in purchasing a home; however, it cannot eliminate those risks, nor can the inspector anticipate future events or changes in performance due to changes in use or occupancy. The inspection will cover any potential health and safety issues in addition to areas in need of repair or replacement.
In Texas, inspectors must be licensed by the Texas Real Estate Commission (TREC), and are required to comply with the TREC Standards of Practice when inspections …show more content…
There is no 'pass' or 'fail' rating issued.
When do I schedule the home inspection?
Once the purchase contract has been signed, you will want to schedule your home inspection right away. This is because you will want to find out about any potential problems, have time to schedule any additional inspections that may be required, and of course...time to negotiate repairs with the Owner. 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. Allow yourself enough time to get there and attend a final walk-through with the inspector. You will want him to show you any potential problems - also, feel free to ask any questions about his report. If you are the Seller, you have every right to attend; however, I recommend that you do not follow the inspector around the house trying to justify any deficiency he writes