What does a home inspector do, and how does an inspection figure in the purchase of a home?

Asked by Trulia San Francisco, San Francisco, CA Tue Mar 12, 2013

Help the community by answering this question:

+ web reference
Web reference:

Answers

5
Paul Neal, , San Francisco, CA
Tue Mar 12, 2013
BEST ANSWER
Home inspections are customary during escrows by buyers or even before by sellers so the buyer will know what the outstanding structural issues are with all elements of the house. Unless a contractor or other expert is buying the house, buyers typically cannot assess the condition of the house on their own. In a buyers market, these inspections can be the basis for buyers to seek money, credit, or concessions from sellers for the curing of problems found by the licensed inspector. In a sellers market with competitive bidding by multiple buyers, it is usually much more unlikely that sellers will negotiate over the costs to cure items in the inspection report. Still, if a buyer finds that there are more problems brought to light in the inspection report, the buyer may not be able to negotiate concessions but she can still walk away from the deal.
0 votes
Alina Aeby, Agent, San Francisco, CA
Wed Mar 13, 2013
Here is the link to almost the same question and answers( mine included) from January 16, 2013:

http://www.trulia.com/voices/Home_Buying/What_do_you_look_fo…

Thank you,

Alina

Alina aeby-Broker Associate
Pacific Union International
http://www.bestsfhomes.com
415.744.4844
0 votes
Laura Coffey, Agent, Santa Clarita, CA
Tue Mar 12, 2013
You hire a home inspector within your agreed upon time frames once you have an executed purchase contract. The inspector is to find any issues with the home and provide a report.
Once you get the report you can put together a request for repairs. Keep in mind a seller does not have to respond to you but most of them do. If you do not like the outcome you can use that as a reason to back out if you are within your time frames and have not removed that contingency yet.
0 votes
Russ Ravary, Agent, Commerce Township, MI
Tue Mar 12, 2013
A home inspector works for you the buyer. The home inspector looks for any problem with the house. A home inspection is to identify the potential problems and the costs that you may incur having to fix them
0 votes
John Arendsen, Agent, Leucadia, CA
Tue Mar 12, 2013
Home inspections are a must for any/all RE transactions. Many a deal is made or broken over them.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more