You either love inspections or you hate them, very
few people fall in between. The purpose of the inspection
is to explore any potential problems or situations that
might arise from the home, before you move in.
There are a number of inspections that a purchaser
can explore including, but not limited to:
1. Whole House
2. Soil
3. Water
4. Septic
5. Mold
6. Radon
7. Lead Based Paint
8. Swimming Pools, and other specialty items.
Probably the most common inspection is the whole house.
In most cases it is the Purchaser's responsibility to
arrange and pay for a whole house inspection. Your Realtor
should be able to estimate you inspection cost, but
some Realtors do not recommend inspectors. Instead they
prefer that the buyers choose their own in order to
limit external liability. Some Realtors prefer not to
recommend Inspectors, as they want their clients to
feel comfortable working with the Inspector.
When talking with your inspector, ask as many questions
as you like. Many new homeowners prefer to tag along
with the inspector as he or she pokes and prods around
the home.
Once the inspection is complete, you will receive a
copy of the inspector's report. Traditionally, the purchaser
has the right to request that the seller repair any
"defects" found in the home. The word "defect"
is fairly specific…..so check with your Realtor
as to what is or is not considered a "defect".
Repair requests are submitted to the seller by completing
an Inspection Repair Request. Your Realtor can walk
you through the specifics of this form. Again, when
your inspection repair request is completed, your Realtor
will deliver the paperwork to the seller's agent. And
once again, the seller's have the ability to:
1. Aceept it.
2. Reject it.
3. Counter it.
We go through the whole ping-pong game again, until
everyone agrees or goes their separate ways.
Yes, in most cases if the buyer and seller cannot agree
on the required "defect" repairs, the earnest
money deposit is returned to the purchasers. However,
check with your Realtor or attorney as to the specifics
behind your purchase agreement, inspection report, and
repair request.
If buyer and seller agree on the inspection repairs,
the rest is usually smooth sailing, and the next step
is usually getting a. .... page 7 of 10
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