|Whether you’re buying or selling a house, getting a home inspection can be nerve-wracking. If you’re selling, you’ll want to make sure there aren’t any hidden issues in the home. And if you’re buying, you’ll want everything to be in great shape so you can move in quickly. But how much do you really know about the home inspection process? You can start by asking yourself four questions:|
Is a home inspection always necessary? A home inspection isn’t required — but it’s highly recommended. A house could look perfect on the outside but have underlying issues on the inside — like water damage or a faulty foundation. A home inspection is crucial because it can bring problems to light that otherwise would have worsened over time.
What does an inspector do? An inspector thoroughly checks the safety and proper function of the property. This includes the heating and cooling systems, gas and water, electrical system, foundation, roof and other features both inside and outside of the home.
Who pays for a home inspection? Typically, the buyer pays for the inspection because it’s for their benefit. If you’re a seller who would like to do a pre-listing home inspection, you would pay for it. The cost depends on the home’s value and size.
Do I have to be there? It’s recommended if you’re a homebuyer. But as a safety precaution, you may be asked to step outside or follow social distancing guidelines during the inspection. You can also tour the home virtually or talk over the phone with the inspector to discuss any questions you may have.
Do you have other questions about home inspections? Reach out today.
The homebuying market continues to heat up — and that means there could be some fierce competition out there. While that may seem intimidating, it doesn’t mean your dream home is out of reach.
There are quite a few things you can do to stand out if you find yourself up against other buyers.
Want to make sure a property doesn’t slip through your fingers? Put these five tips into action to make a winning offer:
Write a personal letter. Tell the seller what you love about the home and what it means to you and your family. Include the letter with your offer to set yourself apart from other interested buyers.
Add an escalation clause. With an escalation clause, you agree to increase your bid (up to a certain point) if another buyer outbids you. It’s a great way to ensure you stay at the top in a bidding war.
Stay flexible and open-minded. Be mindful of the seller’s timeline. If they need to spend a few extra weeks in the home before you can move in, discuss potential ways to make it work for both of you.
Increase your earnest money deposit. Upping your deposit can give a seller more confidence in your offer. Just remember that sellers could end up keeping the earnest money if you pull out of the deal.
Get preapproved for your loan. Another way to inspire confidence? Come in with a preapproval letter from a lender.
Ready to start your home search? Get in touch for help finding the perfect home and making a winning offer.