Buyers Should ‘Ask After a Home Inspection’

After an inspector has finished a home report, buyers may feel overwhelmed by any flaws that might have been found. That’s why it’s important they take the opportunity to learn more so that they can move forward confidently in the transaction.

A recent article at realtor.com® recommends home buyers ask their inspector clarifying questions like: “I don’t understand this; what does it mean?” or “Is this a major or minor problem?” and “Do I need to call in another expert for a follow-up?”

If the inspector identifies a potentially major problem, consumers will want to follow up whether they should call an additional expert in to investigate further. For example, consumers may need to bring in an electrician to take a closer look at potential electrical issues that were flagged or a roofer if a roofing problem is suspected. Those specialists can then give an idea of the cost to fix it, which the real estate agent can take to the seller to request a concession, if the seller doesn’t want to fix it prior to the sale.

Source: “Home Inspection’s Complete? Here’s What You Must Ask Afterward,” realtor.com® (Oct. 9, 2018)

5 Home Inspection “Red Flags”

A home inspection is a buyer’s opportunity to see if any problems lurk that may prove expensive to fix later. Home inspections nearly always uncover something in a home to watch for or minor repairs needed. But what repairs should buyers especially be alarmed about that could possibly send them back to the negotiation table? We agree with Tom Kraeutler of The Money Pit, a nationally syndicated radio show on home improvement, who points out some of the following home inspection red flags:

  1. Termites and pests: The sooner termites are detected, and steps can be taken to get rid of them, the better.
  2. Drainage issues: A home that has poor drainage can have wood rot and wet basements and crawlspaces, which can then lead to major mold growth.
  3. Mold: Pervasive mold growth may indicate an issue with improper ventilation issues and can also cause health issues to those living in the home.
  4. Faulty foundations: A cracked or crumbling foundation could be a very expensive repair.
  5. Wiring issues: Outdated wiring or overloaded circuits can pose a fire hazard.

Source: “8 Home Inspection Red Flags,” AOL Real Estate (July 19, 2013)