Buying and selling a home is nerve racking to say the least. One of things that is at the top of that list is having your home inspected only to find out all the "bad things" you don't want to know if you are the seller, and well the buyer too. But let's call it like it is shall we. If you are buying a home and you are putting your hard-working money into maybe the most expensive purchase one could make personally. If you are the seller, you want all your cards on the table for a profitable negotiation. Knowledge is power.
To give everyone a better understanding though of what home inspector will or will not be doing Brad sat down with me to give me a better understanding of his job as a home inspector and I want to share that with all of you, so you have better understanding too. Maybe this is your first or fifteenth home buying experience or you are a new real estate agent. Our goal today is to give you information.
The first thing to understand is that the inspector is a neutral non-bias party to the seller, buyer, and real estate agent. They hold no stake in the findings, or how it affects the result of sale.
Inspectors are NOT code enforcement. There will be no fines handed out!
Inspectors do not fix anything. They only observe conditions.
Inspectors are to give a snapshot of the current general conditions as they are in that moment of MOST operating systems of a home.
Inspectors should report immediate safety concerns right away.
Inspectors can give recommendations as to the types of repairman or contractors you should seek to make repairs.
Inspectors will usually review findings in person and provide a report to the client whom paid for the report.
The inspection report belongs to the paying client. They can choose who they share it with.
The information provided by the inspector is knowledge and knowledge is power. It is a tool for sellers and buyers alike. Whatever the findings are in a given report may or may not be of concern to a potential buyer or seller. It simply is giving the information to make an informed decision. The "bad things" are going vary by perspective, but the report is tool to provide that knowledge.
Investing in a property for personal use you can get the necessary repairs and know your home will withstand the test of time. Investing in income property is a risk and once those risks are minimalized you can move forward. Investment properties can be maintained and repaired as necessary. Keeping up with them is a challenge. There is software that has the potential to help property managers alleviate tasks and free up time with Buildium Software. It's worth checking out with 14-day free trial.
I hope today's read has proved insightful. There will be more information and resources coming your way soon.