This contingency allows you to renegotiate the price paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away. A good agent can advise you on the best course of action once the home inspection report is delivered to you by the inspector.
How to Choose an Inspector
Your agent will most likely have a short list of inspectors that they have worked with in the past that they can recommend to you. Below are five areas to consider when choosing the right home inspector for you:
- Qualifications – find out what’s included in your inspection & if the age or location of your home may warrant specific certifications or specialties.
- Sample Reports – ask for a sample inspection report so you can review how thoroughly they will be inspecting your home. The more detailed the report, the better in most cases.
- References – do your homework – ask for phone numbers and names of past clients that you can call to ask about their experience.
- Memberships – Not all inspectors belong to a national or state association of home inspectors, and membership in one of these groups should not be the only way to evaluate your choice. Membership in one of these organizations often means that there is continued training and education provided.
- Errors & Omission Insurance – Find out what the liability of the inspector or inspection company is once the inspection is over. The inspector is only human after all, and it is possible that they might miss something they should have seen.
Most inspectors allow you to accompany them during the inspection, that way they can point out anything that should be addressed or fixed. They’ll also let you know how the home’s systems work.
Don’t be surprised to see your inspector climbing on the roof, crawling around in the attic, and on the floors. The job of the inspector is to protect your investment and find any issues with the home, including but not limited to: the roof, plumbing, electrical components, appliances, heating & air conditioning systems, ventilation, windows, the fireplace & chimney, the foundation and so much more!
They say ‘ignorance is bliss,’ but not when it comes to what is most likely your biggest investment. Work with a licensed professional you can trust to give you the most information possible about your new home so that you can make the most educated decision about your purchase.