I always recommend to my clients both buyers and sellers to have the home inspected by an NACHI member. By having an inspector complete a non-invasive visual examination of a residential dwelling, which is designed to identify observed material defects within specific components of the subject will give you a better understanding of the home you are about to purchase. Components inspected may include any combination of mechanical, structural, electrical, plumbing, or other essential systems or portions of the home.
Whether requested by a buyer or seller the initial report will always be the same. I always preface the recommendation with the warning that the inspectorâ€™s service & report will identify many items in the subject property as defective, requires attention, out of code, or beyond its functional lifespan, ect, ect. The point of conducting the inspection is to identify specific health, safety, and structural issues. Once the initial report is completed we then review the high priority items. If these issues need further inspection by a licensed technicians or special inspections, they are completed as required.
No house is perfect, new or old, a major consideration for you and your agent as you analyze the numbers will be "Do the comparables in your CMA's reflect the same property conditions, or do those homes reflect repaired or updated conditions?"
If the average home is updated and in good condition and the seller is unwilling to remedy the issues or items a price adjustment is required. Still no go? If the items are more than you can handle or live with then it is time to move on. Your lender and or appraiser may also have problems with these items which can result in more difficulty approving and closing the loan. The deal is not dead until itâ€™s really dead, so ask for what you want & need, you are in control of what is an acceptable resolution to you!
Make sure that you have ample time in your contract deadlines, to protect your earnest money, if special inspections or quotes from licensed techs are requested make sure they deliver before the expiration of your "Inspection Deadline" to ensure your ability to request seller repairs, price reduction, or cash in lieu of repairs (if allowed by the lender, loan program).
Thank you for visiting Trulia.com, I hope my response is helpful. Good Luck! -Kris
Kristopher Furrow â€“ RealtorÂ® RealEstate.com RealtorsÂ® 801.916.0815
Realtor - RealEstate.com RealtorsÂ®, Utah license # 5489913-SA00
Loan Officer - Envision Lending Group, Utah license # 5489913-MLAF