Buyer Tips: What you Need to Know about Home Inspections

Are home inspections really necessary? This is often a question posed by many new homebuyers as they make their way through the home buying process. The answer to this question is almost always the same: a resounding yes!

As a buyer, you should assume that a home inspection will play an integral home in the purchase of a new Preston Hollow home. In addition, many lenders now require that the buyer perform a home inspection before their loan is approved.

The Federal Housing Administration also recommends that anyone receiving federal assistance get a home inspection.

For those homebuyers who found problems during a home inspection, they all will likely tell you that it is worth the few hundred dollars that it costs for a home inspection.

Q: How do I hire a home inspector?

A: Your real estate agent will likely have a few home inspectors that he/she works with. You may also ask friends, family members and neighbors for referrals. It is also important to only hire a professional home inspector to provide this service. You can contact the American Society of Home Inspectors or the National Association of Home Inspectors and ask them for a list of qualified home inspectors in your area that subscribe to the standards of practice and code of ethics set forth by these industry organizations.

Q: What will the home inspector look for during a home inspection?

A: The job of a home inspector is to look at nearly every area of the Preston Hollow property, from the roof to the basement, and everything in between. From windows and doors to toilets and the electrical service, the job of a qualified home inspector is to make sure that everything in and around the home that is staying with the home after the sale is in good, working order and that everything is safe and up to current code regulations.

Q: What if the home inspector finds something?

A: If the home inspector finds something that needs repaired or replaced, it is up to you, the buyer, to ask the seller to cover the cost of the repair or replacement. The seller can either agree or not agree to remedy the situation; this all part of the negotiation process. It is important to realize, however, that you do have a legal right to walk away from the deal if you find problems in the home that the seller is unwilling to fix.

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