The Value of a Home Inspection

So you found the house of your dreams, or is it? The only way to know for sure is to have a professional home inspection. A home inspection is NOT mandatory but definitely advised. What is mandatory is that home sellers disclose anything that is wrong with the house prior to selling it. It is referred to as “disclosing all know material facts” that affect the value of the property. The California Purchase contract has a clause that warns, the home is sold in its present “As Is” physical condition.  A standard home inspection involves a visual, non-invasive examination of the home from top to bottom. The inspector will inspect and evaluate the foundation, drainage, plumbing, electrical, heating and cooling systems, visible insulation, fireplaces, chimneys, walls, windows, doors and so forth. Only those items that are visible and accessible by normal means are included in the report. The average home inspection takes between two and a half and three hours and costs anywhere from $200. to $500 depending on the size of the house. The inspector will indicate items that may require specialized follow-up by other professionals. Think of it as your primary care physician referring you to a specilaist. The buyer, seller and agents are provided a copy of the report. Repairs are a negotiable between the buyer and the seller.

Susan Saurastri is a Realtor with Star Real Estate. Submit your questions to her at SusanSellsOCHomes@gmail.com  or 714-317-0664.

Posted on April 3, 2012 at 12:11 PM
Susan Saurastri | Category: Real Estate News

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