Ten Steps to Buying a house this year. Step 8.Inspections.

By
Real Estate Agent with RE/MAX Centre Realtors
https://activerain.com/droplet/5cjr

Having a home inspection is an important step in the home buying process. Even if you are buying a home ' As Is ' you should hire a home inspector .

When you prepare the agreement of sale make sure you have the home inspection contingency.

 Based on terms of the agreement of sale , the inspection may give you an opportunity to either walk away from the deal if there are items that need to be fixed, or have the seller give you credit for repairs or get things repaired.

The home inspection should not be used as a tool to get a lower price than the one already negotiated . Please remember that the seller may not agree to repair nor to give you credit. If the seller already disclosed the items that need repair and you offered a low price considering the cost of repairs , the seller's agent will advice the seller accordingly.

Lenders should approve the credit if it is agreed upon between buyer and seller. If sellers agree to repair the items please ask for receipts and make sure that permits are obtained if required by township.

When the home is a foreclosed home banks usally sell it in as is condition. Most relocation companies also have similar policies.

The inspector will give you  a report mentioning items that are of major concern and items that need routine maintenance and things that are normal considering the age of the property.

You should be present at the home inspection so that you can ask questions . The inspector will also give you tips that will be very useful if you are a first time buyer.

Time is of the essence and if your agreement of sale says  you will have the inspection report in x days you should inform the seller  within the time frame.

Your agent will advice you about all other inspections that may need to be done eg termite, radon,mold, well and septic and many more.

 

 

 

 

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When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

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Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Yes the home inspection is a must in my book. You are doing a great job on this series.

May 01, 2018 06:00 PM #3
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Nina, thank you for the comment.

May 02, 2018 02:08 AM #4
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Kathy, thank you.

May 02, 2018 02:08 AM #5
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Debbie, thank you.

May 02, 2018 02:08 AM #6
Rainmaker
4,529,421
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great information Gita.  Inspections are usually pretty stressful for both the buyers and sellers.

May 02, 2018 04:20 AM #7
Rainmaker
4,854,699
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is good advice to share with prospective home buyers.

May 02, 2018 04:37 AM #8
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Gabe, I agree.

May 02, 2018 04:44 AM #9
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Roy, thank you 

May 02, 2018 04:44 AM #10
Rainmaker
1,646,789
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Gita - this is good information to share.  Buyers should always get the home inspection to make sure there are no surprises.

May 02, 2018 04:47 AM #11
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Grant, thank you for the comment.

May 02, 2018 04:48 AM #12
Rainmaker
1,398,274
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Gita, excellent post. I'm a firm believer in getting a home inspection and always cringe when buyers waive one. 

May 02, 2018 05:03 AM #13
Rainmaker
2,950,953
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

We always recommend a home insepection to our clients Gita, even if it's new construction.

May 02, 2018 06:41 AM #14
Rainmaker
2,886,793
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

If a potential buyer opts not to do a home inspection I ask the to sign a form that it is against my advice.... unless they are developers who I have worked with numerous times...Endre

May 02, 2018 11:11 PM #15
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Amanda, I too always recommend it

May 03, 2018 03:38 AM #16
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Sheila, good idea to recommend it.

May 03, 2018 03:39 AM #17
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Endre, we too have a form for buyer  stop sign 

May 03, 2018 03:39 AM #18
Rainmaker
3,740,938
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gita, great information for buyers in your area on the subject of inspection.   Lots can be found, and is important to have an excellent buyer's agent to guide you through.

May 03, 2018 07:29 AM #19
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Joan, thank you for the comment.

May 03, 2018 08:01 AM #20
Rainmaker
2,843,803
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

This series is very useful for buyers....great job!

May 07, 2018 06:54 AM #21
Rainmaker
4,224,825
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Kristin, thank you for the comment 

May 07, 2018 01:17 PM #23
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Rainmaker
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