The purpose of a home inspection?
Basically, a home inspection is simply a process in which a licensed inspector visits a property in order to examine it for any potential problems. An inspection of the property is often a precautionary measure taken during the home-buying process to ensure the property is physically in good shape and ready to be moved into by the next owner.
There are times when it can be confusing to determine whether this is the same as a home appraisal, so we have broken it down below as follows:
- An inspection of the home is an optional process that is thorough and focused on determining the overall condition of the house.
- The purpose of a home appraisal is to provide a general assessment of the property’s value instead of focusing on its specifics.
In order to get an accurate assessment of the condition of a property, you will first need to hire an experienced and well-reviewed home inspector. In order to be successful in this field, this person must be certified and have previous experience. Researching online or asking family and friends for recommendations is one of the best ways to find a qualified inspector. There may also be some connections you can make with your dedicated advantagenc.com who may be able to help you as well.
It’s never too late to book a home inspection once you’ve been able to find a qualified inspector.Depending on the size and condition of the property, the inspection typically takes one to three hours, and the inspector will usually conduct the inspection on site. In this case, if possible, it would be beneficial to be accompanied by the inspector for this part of the inspection and ask any questions that you feel are necessary.
Check the home inspection report
There will be a report prepared by the inspector when the home inspection is complete, which will summarise all of the findings of the inspection. The objective of this report is to outline the condition of the property and any concerns that may exist. The report should be read carefully and be understood as to what areas need to be addressed in order for it to be effective.
Once you have read the report, you can proceed with the negotiation with the seller after you have read the report. If you are able to find any areas of concern in the report, you may be able to get the seller to address those concerns or negotiate a lower asking price according to the findings of the report. In some cases, you may even be able to back out of a contract without having to pay any penalties if the seller refuses to fix the issues, as long as your inspection was conducted within the period outlined in the contract.
Let’s make it official
Last but not least, the sale must be finalised in order for it to become effective. When the negotiation process is complete, both parties can move on to signing the paperwork after the negotiations have been completed. In order for the buyer to take possession of the property, this is the last step that has to be completed.