Over 5 million homes were sold in the year 2018. And of those millions of homes, the majority of them involved at least one home inspection by the buyer or seller.
A home inspection is a great way to confirm that you're buying a home that is in good condition. It's an even better way to make sure you don't end up buying a home that becomes a money pit fast, which of course, is something nobody wants to do.
But what happens during a home inspection? And how long does the entire process take? We've got the answers to those questions, and more, in this article!
Now then, let's get started!
If you've never had a home inspection before, you most likely have a lot of questions about the inspection process itself. What areas of the home will be covered in the inspection? Do I need to do any other kind of inspections?
Well, the answer is a bit complicated, for a multitude of reasons. Each inspector is different, therefore, each home inspection is a little different. However, you should be able to request a home inspection checklist prior to the inspection itself.
Using this checklist, you can figure out what areas of your home are covered, as well as what other areas you may need to higher another inspector for.
Once the inspection is completed, you should receive a detailed report of the inspector's findings after a few days. This can take a while, depending on the size of the house, so don't be alarmed if you don't get the report back immediately.
Because of this, it's a good idea to get the home inspection early on during the process. That way you can have enough time to decide what needs to be done about the repairs before closing on the home.
Also, don't get overwhelmed if the report is rather long. This is normal, as an inspector will document all findings, both good and bad.
Even the newest of homes will most likely turn up a few repair needs, which again, is completely normal. And regardless of whether you're the buyer or the seller, you will need to meet with your realtor to decide what to do about the repairs.
Sometimes, a seller may knock some money off the final asking price to help cover the repairs. Other times, a buyer may require that the seller handle the repairs before closing on the home. Each situation is different, so be sure to lean on your real estate agent during this process.
What Happens During a Home Inspection
Well, there you have it! That is a basic guideline for what happens during a home inspection! So, if you've never had a home inspection performed before, you should have a better idea of what to expect now.
The inspection itself is rather simple. The inspector will provide you a list of everything they've inspected, as well as their findings, both good and bad.
Handling the repairs can get a bit complicated, especially if the buyer or seller refuses to budge during negotiations. That's why it's a good idea to listen to your real estate agent during the process, so you can be sure you make the right decisions.
Looking for more real estate advice, as well as other tips and tricks? Check out our blog!