Happy Friday, everybody. This week's educational video is going to be covering home inspections. Home inspections typically take place 7 to 14 days after a purchase offer has been accepted. The inspection can take anywhere from one to three hours, depending on the size of the home, and it's a non-invasive kind of a home inspection, meaning the inspector's not going to get into the walls or pull up flooring.
What does the inspector actually look for? Well, he looks for items that may need repaired now or potentially in the near future. That's why it's important that you as the buyer accompany the home inspector as he goes through the home so that you can ask any questions that may pop up.
Now, what he will do is he'll do a visual inspection from the basement to the attic, inside and outside. What is he basically looking at? Well, he's going to be looking at the electrical, the plumbing, the heating, the cooling, the foundation, the roof, the windows, to make sure everything is functioning as they should be.
Now, once the inspection is completed, you, the buyer, will receive a detailed report from the inspector. You should go over that report with your realtor or your real estate agent and decide what repairs you think is most important to you to be addressed. Do some research to find out how much the repairs would cost, and that gives you a little bit of room to know how to negotiate with the seller in fixing these items that need repair.
The negotiations can have a few different outcomes. One, the seller may fix all, some, or none of the repairs that you have requested. He may give you a credit toward getting the repairs done yourself. Or you as the buyer may find that, really, there's nothing too detailed in the report that you couldn't handle yourself, and you may just decide to take care of all the items on the report yourself.
Well, once all the repairs have been addressed and everyone and I mean mutually agree to the inspection, then you can move forward in the home buying process.
Now, that is just a generic, general rule of thumb for the home inspection. There's many more things that you can cover. Other inspections such as chimney, or if you're on the water, the deck that you might ... or the pier that you may have out there. You can be looking for mold. There's just so many different other inspections you can do as a home buyer, but this is just a general overview of what you can cover with a home inspection report.
If you have any other questions about this, home inspections, or any other type of inspections, just reach out to me. I'll be glad to help you with any questions or concerns that you may have regarding real estate. Make it a great weekend, folks. I'm Lisa Longest with Realty Navigator. I'm here for all your real estate needs. You can reach me at 443-786-4200 or you can email me at email@example.com. Looking forward to seeing you next week.