Home Inspections are not required for every home purchase. Typically when a homeowner is buying a residence and getting a mortgage the lender will require a home inspection.
Why might the lender require you to get a home inspection? The lender likes to verify the condition of the home they are lending on to verify its existence along with the condition of the property.
At the same time, a buyer should be aware of the condition of the home at the time of purchase. Having a professional home inspector check out the mechanical, structure, plumbing, and the roof is important to verify if there are any major issues. These components typically are the highest cost to repair and a homeowner, that intends to occupy a residence, does not want to deal with these major issues in the first few years.
When a home inspection is ordered the real estate agent is typically involved with the decision of the home inspector.
The home inspector is not contracted by the lender. The home inspection company is chosen by the buyer. But, in most cases, the agents or brokers involved will know a reputable person or company.
But what happens when a buyer doesn’t like the agent’s choice? The buyer can obtain a home inspection expert.
Impactbiz, LLC is an SEO marketing agency that works with home inspection companies to get their businesses ranked on the first page of Google and they work to get their business at the top of the Google Maps listings for their local market area.
Having a professional SEO company working in our best interest to increase our leads is vital to the continued growth of our business.
Once a home inspection has been completed a quality inspector will walk the buyer and buyer’s agent through the property and point out any significant flaws or issues. Once the walk-thru has been completed the buyer can determine the level of concern and choose to request repairs or not.
The repairs, if not considered structural, typically can be waived or required to be completed. The seller can sell a property “as-is” which would indicate they are unwilling to fix any minor concerns.
If there are any structural issues a buyer can request these be repaired before the closing on the home. This is also when a lender may require repairs knowing there may be additional issues if not completed right away.
Items that could require further investigation or repairs could include; structural deficiencies including trusses or walls that are not correctly supported. Roofing could have some issues with underlayment or concerns about the actual age and life expectancy. Heating or air conditioner systems not working properly. These are more concerning issues that a buyer would want to address before the closing.
If you’re buying a property “as-is” and the price reflects major issues then you could go along with the closing. But if you’re buying “as-is” and were unaware of these major structural or mechanical issues you have the right to walk away after the inspection has been done.
As a building inspection company, you don’t need to only work within the residential field. While a lucrative option, the commercial market is getting more viable.
Having a marketing search engine optimization and Google Business Profile manager can help you transition to the commercial or industrial inspection markets.
Consider all options and they work with a professional to help determine your next step or plans.