A home inspector is a professional who will come to a home and evaluate it inside and out. They are trained to look for things that the average buyer or seller may overlook. Their goal is to offer information about the structure. They are going to document their findings and give a thorough report. If there are safety concerns or other issues, they have to be addressed and then another inspection can be conducted.
Peace of Mind
From a buyer’s point of view, a home inspector offers peace of mind. The last thing you want is to invest in a home that has serious issues you weren’t told about or that you didn’t find out about until it was too late. It can be expensive to take care of some of the major issues such as problems with the foundation or termites.
Most of the time, the information a home inspector shares though offers insight to some minimal problems. For example, the plugs ins for the kitchen and bathrooms may not have the safety switches on them or the home needs more insulation. These are easy fixes that can be done without much time or money invested.
Once the report is completed from the home inspector, all parties involved will get a copy. There is a checklist of items that they looked at along with any notes they believe to be relevant. They will also include a section of anything that must be upgraded or fixed before the home will pass the inspection.
The seller can decide to comply with those findings and get them resolved so a second inspection can be done. Once that is all approved, the sale of the home can continue with the offer that is in place. Sometimes, the seller will ask the buyer to complete the required changes and they will reduce the price of the home. The seller can accept this offer or they can refuse it.
Keep in mind, some lenders won’t approve funds to be borrowed on a home that needs some work done. Others allow for home improvements so they will offer the funding as long as there aren’t any major issues found by the home inspector.