So you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. In Arizona, our standard Purchase Agreement has the purchase of the home contingent upon a buyer inspection period.
This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover repairs, or in some cases, to walk away. Your agent can advise you on the best course of action once the report is filed.
How to Choose an Inspector
Your agent will most likely have a short list of inspectors that they have worked with in the past that they can recommend to you. Things to consider when choosing the right home inspector are:
1. Qualifications – find out what’s included in your inspection and if the age or location of your home may warrant specific certifications or specialties.
2. Sample Reports – ask for a sample inspection report so you can review how thoroughly they will be inspecting your dream home. In most cases, the more detailed the report, the better.
3. References – do your homework – ask for phone numbers and names of past clients who you can call to ask about their experiences.
4. Memberships – Not all inspectors belong to a national or state association of home inspectors, and membership in one of these groups should not be the only way to evaluate your choice. Membership in one of these organizations often means that continued training and education are provided.
5. Errors & Omission Insurance – Find out what the liability of the inspector or inspection company is once the inspection is over. The inspector is only human, after all, and it is possible that they might have missed something they should have seen.
Try to attend the last 30 minutes of the home inspection so the inspector can walk you through the house and show you things that discovered during the inspection and he can also tell you about the house, i.e., where systems are located, things you need to maintain on a going forward basis, etc.
Don’t be surprised to see your inspector climbing on the roof or crawling around in the attic and on the floors. The job of the inspector is to protect your investment and find any issues with the home, including but not limited to: the roof, plumbing, electrical components, appliances, heating & air conditioning systems, ventilation, windows, the fireplace and chimney, the foundation, and so much more!
Bottom LineThey say, ‘ignorance is bliss,’ but not when investing your hard-earned money into a home of your own. By working with an agent from my Team, you have the benefit of their expertise and experience working on your behalf so that you can make the most educated decision about your purchase.