Home Inspections Boise - HouseCheck - 208-495-0826
Is It Worth The Price To Have House Inspection Done
If you bought a house last year, when the market was booming, a home inspection might not have been an option for you at the time. With many offers streaming in on nearly every property, the bids with the fewest stipulations were sold first, which meant a house inspection was skipped.
A condition is a point or set of points in a Real Estate sales contract that must be completed before the buyer can complete their purchase. House inspections (to guarantee there are no significant surprises), financing conditions (to ensure the banks would finance you), and, more recently, the condition of selling your present home are all common criteria. The buyer normally has a seven to fourteen day time to have these restrictions of sale removed, after which the contract becomes legally enforceable.
The buyer may be in jeopardy if there are no conditions. The seller has the legal authority to sue the buyer for breach of contract if they are unable to acquire the property. This might result in a hefty penalty or possibly the buyer being forced to complete the purchase.
Imagine making an offer on a house without any home inspection requirements, only to learn via your lawyer that the house was once a marijuana growing business that was never properly remediated. Even if the basement was wired wrongly and without permits, it might cost the future owner hundreds, if not thousands, of dollars.
With the present buyer's market, where many sellers are ready to consider any offer, a home inspection should be one of the first terms in any contract. A skilled home inspector will thoroughly check the home from top to bottom, taking anywhere from a few hours to half a day depending on the size of the property and scope of the examination.
The report is usually completed within a few days of the inspection, however, we have had some inspectors print their findings on the spot. The final report will include details on the home's essential components, such as the structural, plumbing and heating, electricity, and landscaping. The remaining life expectancy of important elements such as the roof, furnace, and water heater is usually included in most studies.
You may go into the acquisition of your new house with your eyes wide open if you have this kind of knowledge. If the seller failed to note that the furnace was on its final legs, you may have more negotiating leverage. Alternatively, if they had considered this and priced it correctly, you may find out ahead of time how much it will cost to replace it right away so you are not caught off guard after your purchase.
Some findings can be so expensive that they deter you from even eliminating conditions, saving you money on the classic money hole. This is why a buyer's inspection is so crucial.
Home inspectors can be discovered in the yellow pages, through referrals from friends who have recently acquired houses, or through a Realtor, who will typically be able to recommend many. Do not purchase your next house without first having it inspected; it is simply too risky to take with such significant sums of money.
