1. When you are buying a re-sale home:
- Gives a home buyer an idea of the property conditions before close of sale.
- Helps the buyer identify items that require further investigation, repair or replacement. This gives the buyer one of several options:
- negotiate with the seller to have items of concern repaired
- re-negotiate the price of the property
- request an allowance at closing for needed repairs
- for "as-is" purchases (foreclosures, bank owned properties, etc.) or properties that will be ‘flipped’, have a work-list of items to go through for repairs/renovations.
2. When you are buying a new home:
3. When you are getting ready to sell a home:
An inspection provides a detailed report on the conditions of all systems and a list of all items of concern or needing repair. Allows the seller, on their terms and schedule, to have items of concern or that need repair addressed prior to listing the house. This makes the listing and buyers home inspection process much less stressful and decreases the chances of ‘snags’ or ‘surprises’.