When you get a home inspection done, the licensed professional will not only analyze the major home components including the roof, plumbing, electrical and heating/cooling systems, but they also offer full inspections that will go through to check the homes overall functionality with windows, doors, materials, condition, etc., explains the American Society of Home Inspectors (ASHI), an organization in charge of raising awareness of the importance of quality controls and improving the professionalism of home inspectors in the United States. All the components of a house are reviewed, and then a report is made with the result.

While an inspection is not a mandatory step when buying or selling, it can be considered a vital tool for negotiating the price of the home, because it provides more detailed information that is sometimes not known by the real estate agent or the owner.

Once the inspection is complete, you’ll receive a detailed report with photos, which you can discuss with your lawyer before signing the acceptance contract to determine if the negotiations are fair, if a counteroffer with a price according to the arrangements to be made could be made, or if it is better to cancel them. You should be aware that you can always refer to the ASHI Standards of Practice and ask for greater accuracy in the revision.

The Inspection, Paid by Who?

This is an issue open to negotiations, in most cases who pays the inspection is the buyer, however when there is a counteroffer for the house who pays the inspection is the seller, same for the agreement to buy. In some occasions, the seller can include a previous inspection before selling the house, which is not very recommended since it is precise and more reliable than the buyer being in charge of selecting the inspection company of his preference that does not have links with the seller.

Your real estate agent (if you are using it) can advise you on how to incorporate a home inspection as a condition of purchasing a property. Your offer may be conditioned on a professional inspection and a satisfactory report. If the inspection report indicates some major expenses or problems you don’t want to address, your offer may end or possibly be renegotiated to help cover the cost of significant resources.

Home inspection Checklist: The Components

According to the American Society of Home Inspectors (ASHI), a home inspection should have the following items checked to facilitate the approval process:

  • Windows and doors.

  • Basement.
  • Heating system.
  • Central air conditioning system (temperature permitting).
  • Interior plumbing and electrical systems.
  • Ceilings.
  • Attic, including visible insulation.
  • Walls.
  • Roof.
  • Interior plumbing and electrical systems.
  • Floors.
  • Foundation.
  • Structural components.

 

 

This does not mean that the inspector will destroy your home by checking every component on the list. However, it is fair and necessary that the more parts are available, the more accurate the result your home will get after the inspection process.

There’s no perfect home. A good engineer will always find a defect that requires some repair. The important thing is to weigh the positive aspects against the negative ones. Remember all negotiations are different, there are many factors to be considered. The final conclusion is that it is not too much to negotiate based on the findings of a certified professional engineer carrying out the inspection, trust in what you have and be prepared for the offers.

Home Inspection — Prepare Yourself for a Quality Report

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