Once an offer is executed in a property, there are two contingencies that will determine a successful sale: the home inspection and the financing. Usually home inspections have to be ordered within 15 days maximum from the execution of the contract and financing which takes up to 30 days.
Buyer is the responsible party to hire the home inspector. You want a professional in the field to look after your interest. But sometimes home inspectors takes their knowledge to another level in which you will end up loosing your dream home just because of a bad judgment. That is a case of my co-worker. The Inspection Report contained 42 pages in which inspector mentioned several items that had nothing to do with the inspection and several other items that needed repair. The total cost of repairs was $50,000. All items to be repaired were later tested by an expert in that specific field and the house had no major problems. One of the crazy things inspector emphasize was that the connection from the house to the city public electrical service was not done within the city code. If that was true the electrical utility company would never approve a permit which was granted to the property. Thankfully, Buyers were open to hear a second opinion and allow listing agent to prove the inspector wrong.
Below is a checklist inspectors should not consider during an inspection:
- The life expectancy of the property or any components.
- Esthetic issues
- The suitability of the property for any use
The market value of the property.
Work with an experienced real estate agent to avoid all the obstacles that you might encounter during the sale and purchase of a home. They have the experience and knowledge to deal with all these issues since they have gone through this process many times. I can provide you with a list of home inspectors that I have worked with in my 30 years of real estate experience. Don't hesitate to contact me!