If this is your first-time buying a home, you’re likely in one of the scarier places in the real estate transaction. Before choosing paint colors, and picking out furniture to fit its vital to have the property inspect.
If you’re feeling nervous, you’re not alone. The property inspection is an essential part of the home purchase process, yet many buyers don’t know what to expect.
Below is a guide to the roles and responsibilities of everyone during a typical property inspection.
You, the home buyer
At the home inspection you are there to learn as much as possible about the property. But you should have already done your homework before the big day.
Before the inspection, review the seller’s property disclosures or building department documentation you received along the way. The listing agent may have pointed out some known issues. Write down a list of questions or concerns you have about the home.
Block out a few hours on the day, depending on what you need to inspect. Ask your real estate agent which inspections are typical in your market. Most inspections go smoothly, but some can be the beginning of tough negotiations.
The buyer’s agent
Here at Boca Raton Real Estate Market we take pride in having knowledgable and experienced agents who will be by your side throughout the transaction and this includes at the home inspection.
Our agents have been through dozens of inspections and know the drill, what to look for, and, most importantly, what’s important and what matters in the big picture.
As the buyer, you hire the property inspector, who should be licensed by the state. You sign an agreement with and pay the inspector. Most buyers get a referral for an inspector from their real estate agent.
The inspector is not a contractor, though some inspectors were contractors in their previous careers. While they may be able to shed light on what you can or can’t do to a property and its potential costs, their objective is to inspect the property, its systems and the overall state of the home.
A good inspector will remain impartial and not be an alarmist, though they will point out concerns that need to be addressed. The inspector isn’t a part of the transaction, and shouldn’t get into the nitty-gritty of your deal — nor would they want to.
The inspector should look around, make notes and provide you with a detailed report as well as some feedback on future maintenance.
Be sure to walk around with the inspector. Get on the roof, go into the basement, venture into the crawlspace. It will be helpful for the inspector to point things out to you in real time and demonstrate where the systems are and how they work. Also, some things are better understood in person than read about in a report days later.
After the inspection, you and your agent will most likely get together and strategize how to move forward with the transaction. Hopefully, the inspection was good and you can look forward to moving on with the process.
If not, you may need to do more negotiations after the inspection. Hopefully, the inspections was not bad enough to the point where you will not be able to move forward, but it does happen.
Either way, it helps to know what to expect going in and to prepare for anything.