Once an offer on a property is accepted, most buyers hire a professional home inspector to assess the condition of the home. The inspector will write a detailed report for the buyer to use in deciding how to proceed with the purchase. Should the buyer cancel the contract and terminate the purchase; ask for the seller to complete repairs; or request a price reduction or purchase credit from the seller to cover repairs?
Unfortunately, many buyers fail to realize the importance of the home inspection. Keeping the factors below in mind can help ensure that you get the most value from the process.
Attend the inspection
Many buyers let their real estate agent handle the process and don’t even attend the inspection. This is a huge mistake. Most real estate sales professionals are going to do a great job for you, but if you rely on them to handle this process alone, then you aren’t going to hear the inspector point out any issues that might cause you to think again about whether it is the right property for you.
Check the inspector’s credentials
In many states an inspector doesn’t need any formal inspection education and may not have to be licensed or bonded. In order to make sure your inspector is a competent professional, you should do a little research on your state’s requirements, certifications and professional designations. Then question, and verify, the experience and knowledge of your inspector. If you don’t, you might get a really bad inspection report that fails to find important issues.