Posts Tagged ‘home inspections’

Buyer Tips: What you Need to Know about Home Inspections

Wednesday, December 23rd, 2009

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.

Seller Tips: How to Handle the Home Inspection Process

Wednesday, November 18th, 2009

A home inspection may be one of the most stressful parts of selling your Coppell home, as a deal essentially comes down to a good home inspection.

The offer has been made and accepted, so now it’s time for the buyer to call in a home inspector to check out your home, from top to bottom. Although it is up to the buyer to hire a home inspector, there are a number of things you can do, as the seller, to make sure the process of inspecting your Coppell home goes as smoothly as possible:

  1. Allow your real estate agent to represent you during the home inspection. Being present during a home inspection services little purpose, other than to make both you and the buyer a nervous wreck. Instead, leave your home in the capable hands of your real estate agent, who can serve as your representative and report back to you about the home inspection.
  2. Don’t take it too personally. Always remember that the job of the home inspector is to inspect your home, not find fault with you. It is therefore best to accept the results of the home inspection and to not get defensive about the findings.
  3. Take the time to review the home inspection report before complaining or fighting the inspector’s findings. The time to negotiate is after the home inspection is complete and the report is in everyone’s hands. Don’t get ahead of yourself and begin refuting the findings even before you have a chance to review the report.
  4. Remain honest. The very best thing you can do is to simply remain honest. If you don’t remember when you last serviced the furnace, just say so. Guessing or fabricating answers will only end up hurting you – and possibly the buyer – in the end.
  5. Remain flexible during negotiations. After the home inspection, the buyer will likely begin negotiating repairs with you. If you become instantly defensive or inflexible the entire deal could fall apart. Try to see the process from the eyes of the buyer, and understand that if you were buying a home you would want to see certain repairs made, as well.