21 Jan For Buyers, the Inspection is an Important Part of the Transaction
The inspection is one of the most important parts of the real estate transaction, and this is especially true if it’s your first time purchasing a home. Before you head to the home improvement store to pick-out appliances and other personal touches, make sure you set-up an appointment with licensed inspector to assist you. Here’s a look at the various players involved in a home inspection and what you can expect!
Your Role as the Buyer: While the inspection will undoubtedly shed light on your new home, be sure that you’re prepared and have done your homework well in advance of inspection day. Review the seller’s property disclosures, and write down any questions that you have for the inspector. You should be comfortable and confident before you release your inspection contingency.
Your Real Estate Agent: This is an important day, and your real estate agent should be by your side throughout the inspection. They’re experts on real estate and can point out things you might not think of. They’re also intimately involved with the purchase price, so they can advise you to forgive some smaller items if you’re getting a good deal, or tell you to put on the full-court press if you are paying top-dollar and discover more serious issues.
The Seller’s Agent: While the seller won’t be present during your inspection, the seller’s agent should absolutely be there. They can help answer any questions or concerns that you raise to put you at ease and help see the transaction to fruition. They’re on-site to advocate for their client, the seller, but the end goal is the same: to get you into the new home.
The Inspector: Look for someone who is licensed by the state, and ask for referrals from your real estate agent who has certainly been down this road many times before. Their main objective is to inspect your potential new home by looking at its systems and the overall state it’s in. They should be impartial and calm, making notes as they go so they can provide you with a detailed report at the end of the inspection. You should absolutely walk around with them, and go wherever they go if you can so you can understand things first-hand versus reading them in a report later on.