So you found just the right house. You made your offer and it was accepted. Then your realtor tells you that you should have the house inspected. You go through the process with the inspector and now what? Are there things wrong with the house? How do you get them fixed? Are you overwhelmed by what you learned? Relax. There was a very good reason you had the house inspected and by partnering with your home inspector and your realtor you can make the process as painless as possible and get yourself into the home of your dreams and not the home of your nightmares. Keep on reading to learn just what to do after your home inspection.
I know this sounds really obvious but in over 1,000 inspections I can tell you that 10% of my clients never even log into my website (www.peerless-servco.com) to view their report. Of the ones that do, nearly half only read the summary. Now I’d like to think that’s because they gained such a thorough understanding during the inspection itself but often times people just don’t want to see if something is wrong with the home they decided to buy. Your home purchase is a huge investment and problems with a home can be a huge money drain. It is certainly worth your time to read the entire inspection report. There is a wealth of information in the report that covers everything from basic information to detailed descriptions of issues and recommendations to remedy them. A sample report can be found on my website to give you an idea of what the report includes. Bottom line, read the report! It’s important.
Consult your home inspector if you have any questions
When I write a report I try to be as thorough as possible, include photos of every issue, and try to explain everything in a way that people can understand. That being said if there is anything you are not clear about, contact your home inspector. Again, your home is too large of an investment to have any information to be unclear about. I get calls from people and they open by saying, “I don’t want to bother you but…” It’s my job to educate people about the home they are purchasing or selling. Answering questions and reviewing the information certainly is not bothering me. I take the educational aspect of a home inspection very seriously and make that a priority. The only questions I’m not going to weigh in on are; whether you should purchase the home, and if I think the home is worth the money.
Partner with your Realtor
Once you have a clear understanding of the findings of the inspection work with your realtor to decide a course of action. First determine if there are any red flag issues that disqualify the house in your mind. It doesn’t happen often but there is no reason you should have to purchase a house you are not comfortable with. If there are no deal breakers for you then partner with your realtor to make a reasonable list of repair requests. Your realtor will be your best resource on how willing the seller is to complete repairs or if they are willing to make price adjustments so you can complete repairs. They will also submit those requests on your behalf. It is important to discuss priorities. Some requests are simply unreasonable. For instance I may point out for your information during the inspection that the windows are dated and you may experience more energy efficiency by upgrading them. It is not likely a seller will complete a major upgrade like that. On the other hand small repairs of $100 or less are usually best just handling yourself. Understand that the inspector is going to point out everything with the exception of minor cosmetic issues. So don’t get overwhelmed, be realistic, and work with your realtor to come up with a good course of action.
Have your home inspector do a follow up visit
After negotiations and or repairs are completed contact your inspector. It’s always a good idea to have a third party ensure that repairs were completed properly. Sellers want to spend as little as possible and often get bad advice when addressing repairs. With my clients, I will revisit the property, inspect the repaired areas, and update the inspection report. Typically this service is free or can be done for a small trip charge.
Don’t let the inspection process worry or intimidate you. Learn as much as you can about your purchase through the inspection. Try to stay impartial; which I know is difficult because you’ve already picked the house. Work with your inspector and your realtor and make sure the house of your dreams doesn’t turn out to be the house of your nightmares. For more information on home inspection or to schedule an inspection please contact Paul Kruger at (763) 862-9068 or email@example.com. Check out other informative articles at www.peerless-servco.com.