Are you purchasing a home for the first time? If so, the home inspection is going to be one of the most critical parts of the process. It’s a time when buyers uncover a variety of things about their potential new home, some minor and some that are game-changers. Before you send out your change of address announcements, here are some things to consider when your potential new home is being inspected. These are the players involved, and here’s what you can expect them to do!
You (the Buyer): Yes, the licensed inspector you hire will spearhead the inspection, but you have some homework to do yourself. This includes reviewing the seller’s property disclosures, and jotting down any questions you’d like to ask the inspector. Be sure you’re 100% confident in your purchase before you release your inspection contingency.
Buyer’s Real Estate Agent: Expect your real estate agent to be by your side for the duration of the inspection. They will likely point out things you didn’t even think to inquire about, but that’s normal, as they have been down this road before.
Seller’s Real Estate Agent: Don’t worry: the seller won’t be present during the inspection, so you can feel free to point out whatever you want. Their real estate agent, on the other hand, will undoubtedly be there. It’s their job to see this transaction through, so don’t be bashful: toss any and all questions or concerns their way.
The Inspector: It’s your responsibility as the buyer to hire a property inspector. Your real estate agent will be able to give you referrals for inspectors who are licensed by the state. As the buyer, you will sign the agreement and pay the inspector who will objectively review your potential new home. A good inspector is impartial, thorough, and calm. Walk around with them, and ask them to clarify anything you’re unclear about. At the end, you will receive a detailed report that addresses what they found.