A vital part of the home purchase transaction is the inspection process. Solomon Syed offers tips on getting the most of your home inspection.
Torry Dorsey, a ASHI Certified Home Inspector, said that the home inspection that is conducted can vary depending on the type of loan.
"Some will make you get an FHA water test or a termite inspection,” Torry Dorsey said, am ASHI Certified Home Inspector. “99 percent of realtors will want you to get a structural inspection, infestation and a radon is standard for what I do."
The main portion of the inspection will be the structural component.
"That will cover your roof, foundation, exterior, windows, chimney, electric, plumbing, heating, attics, basements, kitchens,” Dorsey said. “You name it, I go through everything in the house I can actually get to without doing any destructive test or invasive testing. So, I'll go through anything and everything that I can get into."
Once the inspection is over, there will be a lot of information to process.
"At the end of the inspection, I'll sit down, tell them what I found, we'll go over the pictures, make sure they're comfortable with everything," Dorsey said.
The buyer who is serious about purchasing the home is usually the party that initiates the home inspection, but a growing trend sees sellers having one done first.
"More and more I'm doing pre-purchase or pre-sellers inspections, and I find that it helps them sell the house a lot quicker,” Dorsey said. “They have a better idea of what they're selling. It helps the realtors price things out."
Home inspections vary on price based on square footage, and additional tests for pests or radon cost more. Also, make sure the person you are using is ASHI certified and that you are getting the most out of your money.