But what does a home inspector do? What information goes on a home inspection report, and more importantly, how will an inspection impact your real estate transaction?
What is a Home Inspection?
A home inspection is performed by a trained professional, and like its name implies, it’s a thorough inspection of an entire home.
Why Buyers Hire Home Inspectors
Most buyers want to hire a professional home inspector before they’ll agree to purchase a house—and it makes a lot of sense to do so. The last thing you want, as a buyer, is to purchase the home of your dreams and find out later—once it’s too late—that the basement floods, the roof leaks, or the foundation is sinking.
Even if you’re buying new construction, you’ll want to have a home inspected to find out whether the builder cut corners or overlooked something.
Why Sellers Hire Home Inspectors
Sometimes sellers hire home inspectors to turn up any issues they don’t know about before listing a home for sale. While it’s not usually necessary, some sellers find it helpful—particularly so they can sell their homes quickly and at the right price.
What Does a Home Inspector Do?
According to the National Association of Home Inspectors, there are about 1,600 items on a home inspector’s list, including:
- Exterior grounds, including grading, landscaping, and standing water
- The home’s structure, such as its foundation and sturdiness
- The roof
- The home’s exterior
- Windows, doors, and trim
- Appliances and electrical systems
- Interior walls
A typical home inspection takes between two and three hours, but that varies based on the size, location, and age of the home.
Can Buyers (or Sellers) Tag Along During the Inspection?
If you’re the buyer who’s paying for the home inspection, you can absolutely tag along. It’s a good idea to get a working knowledge of the home before you buy it. The same is true if you’re the seller who’s paying for the inspection.
But if you’re the seller and the buyer is paying for the inspection, steer clear. The buyer will likely accompany the inspector, and it might look bad if you’re over his or her shoulder the whole time.
How a Home Inspection Can Affect Buyers and Sellers
A home inspection report gives buyers a chance to negotiate the terms of the real estate purchase contract with the sellers. Buyers can ask sellers to repair what’s broken or take money off the sales price of the home. If the inspection turns up something that fundamentally changes the deal, buyers may choose to walk away, too.
Do You Want to Buy or Sell a Home in Lakewood, CA?
We’d love to help you find the perfect home in Lakewood, Long Beach, or the surrounding communities. When you’re ready to start exploring your options, call us at 562-882-1581 to let us know what you need. We’ll help you find it.
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