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Pre-purchase inspections are necessary for all home buyers, regardless of whether they plan to buy a new or an existing property. The inspection can help you renegotiate or cancel your offer to buy. This insurance policy is important as it will protect you in the event of a hidden defect.
Hiring a home inspector comes with a cost. The buyer is responsible for the cost. You can be certain that this investment costs less than what you would pay if you purchased a home with undiscovered problems.
5 steps for a successful home inspection
Locate a house for sale
The first step in arranging for a home inspection is to find a property you are interested in buying. A realtor can help you with this. A realtor is a professional who offers their services free of charge to buyers. The seller only pays commission after the sale closes.
A mortgage broker can help you finance your real property purchase by advising you on your real estate loan. The broker will evaluate your situation and compare rates from different banks to help you choose the best rate. You don’t pay anything as the banks pay the broker for finding new clients.
Home inspections by professionals
A home inspector is a crucial step in purchasing if you don’t have any construction knowledge. You have submitted an offer to buy at this stage. An inspection report will confirm that the house is in good condition.
An inspector is an important player that can help you renegotiate terms of your offer to buy, such as if the house requires renovations. They may also allow you to cancel the transaction in certain cases if serious problems have not been disclosed.
It is important to hire an inspector with a lot of building inspections experience. Unlike most other real estate professionals like mortgage brokers and realtors, building inspectors are not subject to the Professional Code. This is why it is so important to be aware.
Ensure they have professional insurance covering errors and omissions during building inspection. If you have any problems after purchasing the house, you can get help.
Conducting a pre-purchase Inspection
For your security and peace of mind, a home inspection is vital. A professional can be hired or you can go along with them to ensure that the house meets all your requirements. The inspector will inspect the visible parts of the house to find hidden problems. The following components will be examined:
- The structure (foundations and walls, ceilings);
- The roof (the gutters and the coatings, as well as the aeration);
- The house’s interior (finishes and floors, doors, windows, etc.
- Mechanical building (plumbing and heating, electricity, heating, air conditioning, ventilation)
- Insulation (types of insulation, vapor barrier and caulking);
- Exterior layout of the house
- Stoves and fireplaces.
Delivery of the inspection report
Pre purchase home inspection in Los Angeles County is usually done after the seller has submitted a conditional purchase offer. A seller usually has 7-10 days to accept, reject or submit a counter-offer. The building inspection must be completed promptly to confirm the house’s condition so that the sale can proceed without delay.
The inspector should be able deliver the report within 48 hours of their visit. It is important to review the photos and do additional research on any questionable elements . An inspection report can be delivered to you within 48 hours.
After a favorable inspection, the agreement to buy is signed
Your inspector has found no major problems during inspection. If any issues are minor, it is time for you to sign the agreement to buy. Next, you will need to sign the deed. Now you are officially the homeowner.
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