A home inspection is a thorough and systematic evaluation of the condition of a residential property. It is a complete physical exam of the general integrity, functionality, and overall safety of a home and its various components. The purpose of this process is to ensure that home buyers know exactly what is being purchased, prior to completing the transaction.
In the course of a home inspection, the inspector will evaluate the foundation, framing, roofing, site drainage, attic, plumbing, heating, electrical system, fireplaces, chimneys, pavement, fences, stairs, decks, patios, doors, windows, walls, ceilings, floors, built-in appliances, and numerous other fixtures and components.
In all homes, even brand new ones, some building defects will inevitably be discovered during the inspection. All pertinent findings will be detailed in a written report for the buyer’s reference and review, and the inspector will make a complete verbal presentation of these conditions for those who attend the inspection.
This information enables a home buyer to make educated decisions about a home purchase: whether to complete the transaction, whether to ask the seller to make repairs, or whether to buy the property as is. Buyers can also determine how much repair and renovation will be needed after taking possession, which problems are of major concern, which ones are minor, and what conditions compromise the safety of the premises.
A thorough inspection enables a home buyer to avoid costly surprises after the close of escrow. It is an indispensable component of a well-planned purchase.
You want to avoid surprises during the sale of your home. One of the smartest things you can do to prepare for the sale is to have it inspected. The Pre-Listing Inspection is the same inspection and process as the Buyer’s Inspection, but you get the results. Offer a better package and stand out from the rest of the homes for sale in your community by offering a Pre-Listing Inspection. You’re taking your home to the doctor for a checkup before selling it. Our realtors report that homes with a Pre-Listing Inspection sell 55% faster than homes without. Be prepared—inspect your home today!
The final walk through inspection is conducted on the day a buyer closes on a home. Knowing what’s important, and what to look out for, can save a good deal of grief, and money, later on.
This final walk through needs to address the home’s condition in two ways:
The first has to do with problems previously uncovered or identified during the original home inspection.
The second has to do with any new damages to the home that may have occurred after the original inspection.
Even though you can often find a cheap foreclosure home, the home inspection will make you aware of needed repairs, so you can consider the costs of these renovations and repairs when deciding if you should invest in the property.
At the end of the day, the cost of the property plus the cost of needed repairs will be the total investment in the home. This number is used to determine if you can expect a return on your investment if you are looking to sell the property for a profit. Similarly, the same number can be used to compare it to the market value of other similar homes on the market to make sure you are getting a good deal on the home before you buy. Therefore, the home inspection process is essential when buying a REO property.
Radon is the second leading cause of lung cancer after cigarette smoking. If you smoke and live in a home with high radon levels, you increase your risk of developing lung cancer. Having your home tested is the only effective way to determine whether you and your family are at risk of high radon exposure.
Radon is a radioactive gas that forms naturally when uranium, thorium, or radium, which are radioactive metals break down in rocks, soil and groundwater. People can be exposed to radon primarily from breathing radon in air that comes through cracks and gaps in buildings and homes. Because radon comes naturally from the earth, people are always exposed to it.