If you want to buy a house, you should make sure you include a home inspection contingency on the offer you write up for the house. This contingency allows you to get the house fully inspected before going through with the purchase. Here are three things to know about a home inspection.
You can choose the inspector
There may be dozens of companies that offer home-inspection services in your area, but they are not equal, and you have the right to choose the company you want for the inspection. As you choose a company, look for one that is certified and licensed in your area. You may also want to ask people you know for recommendations, if anyone you know has needed a home inspection in the past. Choosing the right inspector will yield the best results, and this is important when buying a house.
You should attend the inspection
A lot of home buyers do not realize that they have the right to attend the home inspection when it occurs. As the buyer, you will be the person paying for the inspection, and this gives you the right to show up to the inspection. In fact, you can schedule the inspection for a time that is convenient for you, and you should plan to be there for at least two or three hours, depending on the size and condition of the house.
You have the right to not purchase the home
The most important thing you should understand is that you can use the results from the inspection to legally back out of the agreement to purchase the home. For example, if you discover that the house has a bad foundation, and if you did not know that this was the case prior to the inspection, you could tell your agent that you do not want to buy this house because of this major problem. If you back out, you will receive your money back, if you put earnest money down, and you will not lose anything. There are times when backing out is the best option, but this is not the typical result in home-buying deals.
Getting a home inspection is a great idea if you want to ensure that the house you are buying is in the condition you think it is in. To learn more about purchase offers, contingencies, or home inspections, talk to a real estate company in your city, such as Spears & Co Real Estate.