Your offer in California comes with specific or defined contingency periods. During these periods you are afford the opportunity to prepare your lender for an appraisal, review home owners association documents if applicable, research title, conduct a termite inspection and perform a home inspection. OCCOASTPROPERTIES suggests that all buyers perform a home inspection within 72 hours of the start of escrow. Your inspector should be licensed to perform an inspection in the state your are purchasing, we are proud to have ALL-PROPERTIES INSPECTION on our team.
A buyer needs to remember that the home inspection is the second major decision-making factor after the finances. In many cases, the inspection simply makes you aware of minor repairs, but in some case more serious problems are detected. It is here where you would have your agent create a Request for Repairs Addendum to the seller. If you mutually agree to a remedy for the items you listed you are ready to move forward. If you are not able to negotiate a solution, this is where you have the right to back out of the deal.
Here are some pointers for buyers to consider:
-Work with a licensed professional. This is the wisest choice. Be sure that your home
inspection report is stamped with the home inspector’s licensed P.E. seal.
-Obtain a detailed and written home inspection report and not a checklist. You need every
possible explanation on what the inspector found in the home and a checklist will miss a
lot of the information and engineering advice that home buyers need.
-You need to attend the home inspection. Normally, it takes about two hours. Remember
that this will be your family’s home and you have to make sure that everything is safe
and ready to go before you move in. Also, this is a great opportunity to learn about the
different systems inside the house and ask your questions.
-The standard inspection will include the home structure, plumbing, heating, airconditioning,
and electrical systems. The home inspection engineer should also look for
aluminum electrical distribution wires, electrical systems that are not fit for modern use,
lead and galvanized steel water supply pipes, old and uneconomical heating and airconditioning systems, wood destroying insects and asbestos-containing materials. Septic
systems or wells must also be evaluated.
-Be aware of some repairs that might be needed. Don’t be afraid to ask about the
estimated costs to fix such things. Also ask if there are any alternatives. Safety issues
must not be ignored.
You may want to write a quick checklist out when you attend the home inspection.
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Steve Mino & Natalie Vizir
Century 21
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