Home Inspection: Pre-inspected Listings

The future of real estate?

* Home inspections have traditionally been for the benefit of the purchaser.

* Pre-inspected listings benefit all parties – purchasers, vendors and Realtors.

Deals are less likely to fall through.
Home inspections, performed as a condition of the offer, can kill deals – and often needlessly. Sometimes this is because the purchaser gets cold feet; sometimes there’s a big problem no one knew about. Sometimes it is because the house has been misrepresented; sometimes it is because the home inspector scared the purchasers by not explaining that minor and typical problems are just that – minor and typical.

If the home inspection is performed prior to the house being listed, all parties will be aware of the physical condition of the house before an offer is drawn. There will be less likelihood for surprises after the fact. Deals will be less likely to fall through.

Pre-inspected listings can avoid renegotiation.
In a buyer’s market, most houses have to be sold twice. It takes a lot of work to get a signed Agreement of Purchase and Sale… then the home inspection is conducted and the purchaser wants to renegotiate.

If all parties know the condition of the house prior to the offer, there is generally a lesser need for renegotiation. As most Realtors know, renegotiation can be very difficult. Vendors have already mentally sold the house; purchasers are suffering from ‘buyers’ remorse’. Egos, pride and frustration can muddy the already emotional waters.

A vendor who pays for a home inspection will be further ahead than one who has to renegotiate. He or she may even sell their house faster.

Unrealistic vendors.
An inspection at the time of a listing can also help a Realtor deal with a vendor who has unrealistic expectations. The inspection report is good ammunition for explaining why you can’t ask top buck for a house that is not in top condition.

Repairs prior to sale.
Sometimes, the home inspection will reveal items which should be repaired immediately. A pre-inspected listing allows the vendor to repair the problem prior to putting the house on the market.

If the inspection occurs after the Agreement of Purchase and Sale, the purchaser could walk, renegotiate or depending on the inspection clause, the vendor may have the option to make repairs. A repair made by an unmotivated vendor to satisfy the condition may not be the best repair and may not meet the purchaser’s expectations. This has caused more than one deal to not close.

Peace of mind for the purchaser.
There is no doubt that part of the value of a home inspection is a guided tour of the house for the prospective purchaser. Perhaps the inspection company could return to do a walk-through with the purchaser, if requested.

Reputable inspection companies.
Pre-inspected listings will only have value if the home inspector and/or company is perceived to be reputable, qualified and properly insured. Prospective purchasers might have little or no faith in a report created by someone they perceive to be working for the Vendor or Listing Agent.

Editor’s Note: This article is for discussion purposes only and does not represent any policy or opinion on the part of Electrospec or it’s representatives. It is intended only as “food for thought”, and it is hoped that no one will be offended by the suggestive nature of any parts of the article.

Summary.
Does the future of home inspections lie in pre-inspected listings? Will offers be cleaner and deals less likely to be renegotiated or fall through? Will pre-inspection afford purchasers, vendors and Realtors a new measure of equilateral protection?

Hmmm…

Home Inspection Tips With Free Home Inspection Checklist – Efficient Preparation

When it comes time to sell or appraise your home, you’re going to need a home inspection to make sure that your home is in good condition. When conducting a preliminary inspection of your home, it could really help you to have solid home inspection tips and a free home inspection checklist. Having those tips can show you what to look for and where to look for it, while the checklist will help to ensure that you don’t forget any items or locations. With these tools at hand, you’ll find that you can move through your inspections quickly and efficiently.

Most home inspection tips with free home inspection checklist will break your house up into sections so that you can take the inspection a section at a time, making your inspection more efficient. You can start inspecting by room, from the entry to your home all the way out to the backyard. You certainly don’t want to forget to inspect the outside of your home. Curb appeal is becoming more and more important to potential homebuyers, especially in Boca Raton Woodfield Country Club, making it crucial that you pay attention to the exterior details of your home. You can work your way from front to back, and left to right, depending on the easiest flow of movement through your house.

Within each room, there are a variety of categories you want to check. You want to check the structural elements of the house, any plumbing, the electrical features, and any appliances or system equipment (such as a water heater or HVAC unit). You also want to be sure to check out-of-the-way areas, such as the garage, attic, basement, roof, and the exterior of your home. This is a lot of material to have to cover in each room, so it’s always good to have your home inspection tips with free home inspection checklist handy.

Having an inspection can help you get your house ready to put on the market. You’ll be able to see what you need to fix so that you don’t have to pay an appraiser to come out and provide a list of items to repair and then pay him or her to come out and give you a thumbs-up after you’re done with the work. It’s far more efficient to find these issues on your own. And with some good home inspection tips and a free home inspection checklist, you’ll save a lot of time and money on getting your home in the best possible condition.

Elite Home Inspections: Tips on Hiring a Professional Inspector

Elite home inspections are called as such because they are conducted by trained and certified inspectors, not just by your local handyman or carpenter. Their knowledge surpasses that of assessing the conditions the different parts of the home, but also extends to knowledge of certain laws and regulations pertaining to building codes. Their overall inspection will help you as a homeowner decide whether you should buy the property or not. Even though there really is no house that can be deemed perfect, any buyer would definitely want one that has the least repair needs.

If you or any of your friends are in the process of buying a house, you may want to make use of the following tips when looking for a certified inspector.

Experience

No one becomes an expert on elite home inspections overnight. It takes years of experience and highly specialized training. Therefore, the first thing you should check is the how many years the inspector has been inspecting homes. The inspector assigned to your property should have experience with your type of home. Are you buying a single family residence or is it a condominium? Perhaps you are looking at a mobile home or manufactured property. Ask the inspector to provide you with a sample report of the same type of home that they have inspected in the past.

Certifications, Credentials, and Licenses

When speaking with a home inspection company, always ask for copies of their certifications and licenses. Anyone can claim that they are a certified inspector, but if there are no documents to back that up, then be wary. You can also check if they belong to a local home inspection association. These associations require inspectors to maintain a working knowledge of the latest building code. By testing their members regularly on industry standards homeowners are more likely to receive an inspector who knows what they are talking about and what to look for when inspecting properties of all types.

Sample of Report and Inspection Checklist

The reports made after elite home inspections often consist of 40 or more pages. This is because inspectors make sure that every detail is recorded for the future homeowner’s benefit. If the sample given to you has less than ten pages in it, then consider that as a red flag. Chances are, their inspectors do their jobs in a hurry and are not very detailed in their observations. To probe further, ask for a copy of the inspection checklist. It should include structural and mechanical components of the home. The plumbing system and electrical wirings should be there. Make sure they will be providing a mold inspection and termite inspection as part of their elite home inspection services.

Length of Inspection

When the inspector comes to your home, ask how long it would take him to do the job. This will vary depending on the size of the home, but it should at least take about three to four hours. If the inspector is done after an hour then you should be concerned because he may have done it in haste and has likely overlooked some defects. We have even heard of some companies doing “drive-by” inspections. Ideally you will want to be present at the inspection to avoid this scenario.

Communication

During the hiring process, select an inspector that communicates well. After all you are going to have many questions so you will want someone who responds professionally and knows how to articulate your homes issues. If it takes them several days to answer a simple query, then they may be as slow in providing you with the results later on or with accommodating your complaints, if you ever have one. Efficient property inspectors can often provide a report the day of the inspection.

Warranty

Finally, a good home inspection service must offer a warranty to the client. This warranty can be valid for 30, 60, or 90 days and, obviously, the lengthier the better. This will ensure that the inspector did his job seriously or he will be liable for any repairs that will transpire due to damages that he failed to report. These inspectors usually have an error and omission insurance that will cover this, although some will ask the client to sign a waiver to limit their liability. For your protection and to ensure that you are getting good value for the service that you hired, go with the inspection company that offers the best warranty.

Use these tips when you are looking for companies that will provide elite home inspections for you or for the people you know. This guide is a surefire way to ensure that you get the best professional out there.