Home inspections – know before you buy
You found the home of your dreams and beat other buyers to go under contract.
Take a moment and do a happy dance – the competition is behind you.
Then, gear up for doing inspections, which is part of your due diligence before making a final decision on the purchase.
On the Agreement of Sale, a Buyer must “elect” and not “waive” the right to perform certain inspections.
Under the “Inspection Contingency” period, a Buyer has a set number of days to get inspection(s) completed, review reports and decide whether to continue with the purchase and “accept” the property, ask for repairs or a credit to address any issues or terminate the contract.
A licensed home inspector will inspect the interior and exterior of the home, noting any defects, safety/health hazards and issues that should be investigated further by a trade specialist (electrician, roofer, air quality expert, etc.).
Other inspections a Buyer can elect to do, depending on the home and any mortgage requirement, include termite and wood destroying insects, radon, stucco (several different tests), sewer-line and mold testing.
If the house is so equipped, additional inspections would include pool/spa, well and septic system testing.
Most inspectors will ask if has specific questions or concerns.
Having the Seller’s Property Disclosure can be helpful to reference the ages of systems and notes regarding previous or current issues. Not sure of the property lines?
A Buyer can elect to have a property survey done so there are no surprises after closing about that.
Don’t make one of the biggest financial decisions alone, let me coach you every step of the way.
Go HOME with Mary!
Contact Mary Camp, REALTOR®, RE/MAX Properties, Ltd., Newtown at 215-882-1064 or visit GoHOMEwithMary.com.
PHOTO CAP: Mary Camp and clients attend a septic inspection.