What is a Buyers Home (Pre-Purchase) inspection?
A Buyers Home (Pre-Purchase) inspection is the most common type of home inspection in the United States. The Inspection and report will provide you with potentially valuable negotiating power to correct any deficiencies that may be present in the home your about to purchase.
Why is a Buyers Home (Pre-Purchase) Inspection iimportant?
Your new home will be the largest purchase you'll probably ever make, it only makes sense to find out as much as you can about the property before you buy. As the Buyer purchasing the property, you need to hire a good home inspector to help identify major defects and other problems so you can make an informed decision about the homes condition and the expense of related repair. It is important to evaluate any repairs that are needed and identify who is going to pay for them.
Advantages of a Buyers Home (Pre-Purchase) Inspection:
• Provide assurance that you're making a sound buying decision
• Help reveal any necessary repairs and unforeseen costs before you buy
• Provide valuable details about the maintenance aspects of your new home
• Reduce the risk of unwanted "surprises" after you move in
• Reduce buyer's remorse
• Provide useful information and familiarize the home buyer with operations and maintenance of major systems and components of their new home.
What could be more exciting than buying a home?
The experience of a new community, new neighbors and friends, and perhaps even a whole new outlook on life can be quite exhilarating. Let a professional Home Inspector from HOMECHEX inspect your future investment to evaluate any repairs that are needed.
Our highly-trained home inspectors are experienced and certified to meet the industry's highest standards.
We will conduct a thorough evaluation of the home, helping you understand the property's current condition. You will be provided with a comprehensive Report, which includes a Home Repair Manual, a Seasonal Maintenance Checklist, and discounts on a variety of home-related services from our home maintenance and home watch services.
CONGRATULATIONS, you found a great house, and like any smart home buyers, you included an inspection contingency in your purchase agreement. What happens when you find out that your “perfect” house needs some work? Do you ask the sellers to pay for the repairs? Before you say “yes”, there are some important considerations.
Some contracts require all the systems, such as plumbing, heating, electrical and central air conditioning, to be in working order. Either way, it is still pertinent to get a highly qualified home inspector to inspect your home, (See my column on how to compare inspectors-“Finding a Highly Qualified Inspector with Competitive Prices”).
You now have normally 5-10 days (including weekends/holidays) from the date of acceptance to have a HOME INSPECTION done and submit a copy to the seller. This clause is VERY TIME SENSITIVE.
Be sure to check your contract for the exact time frame you have. If you do not get the inspection within your particular time frame, you have lost your rights to do an inspection and must purchase the home in “As-Is Condition” without any rights to request repairs. In the same respect, if the seller does not meet their time frames, legally the buyer can walk and not have to purchase this home.
Be sure to read this carefully. You are agreeing to buy this home contingent upon a home inspection that does not discover latent defects, health hazards or structural issues. If these items are found you normally have a total of 7-10 days from date of original contract acceptance to get those issues in writing to the seller.
At this point, the seller usually has 10-14 days from original contract acceptance to accept/reject your proposal to make repairs to the home or negotiate the repairs in writing. The will most likely repair certain items or he might have to have to let you out of the contract by rejecting your proposal so they may pursue a different purchaser.
You may also negotiate the repairs by having the sellers take the dollar repair amount off the price or have them give you an allowance to do the repairs yourself. But, keep in mind, contractually the seller may opt to just do the repairs if they prefer to do so. You cannot force them to pay you out of pocket for repairs. Remember, normal wear and tear or cosmetics of a home is acceptable and does not count when negotiating repairs. It is a good idea to make note of any cosmetic issues you find prior to making an offer. If your realtor is familiar with construction he or she may be able to assist you. Keep in mind that minor or cosmetic issues probably won’t be taken care of until you move in and take care of them yourself! Perhaps with a little help.
Usually , the seller will do at least half the repairs. Unless of course, the home is priced extremely well or you have negotiated a great deal for yourself-the seller’s may not be inclined to do any repairs. Even if you think they should. It’s a negotiation that can go either way, but the inspectors notes will most definitely help! Remember, if it is the perfect house for you this does not mean it is “PERFECT”. Don’t walk away from the home you fell in love with over a few hundred dollars or even for a couple thousand. These things can be overlooked and negotiated or perhaps there not so bad. Do you really want to start the process over of searching again? It is almost guaranteed that you will not find a home with no repairs to be done. Be empathetic, put yourself in the sellers position and it will help you make the right decision — one that you won’t regret!!