Good news: A seller has accepted your offer, and you’re one step closer to owning your dream home. You’ve now entered the option period, your time to scrutinize the property—and cancel the transaction if you choose. This is the time to consider hiring an inspector to take a closer look at what you’re buying. Here’s why:
Inspectors Are Thorough
Inspectors must take extensive training to be licensed in Texas. They follow strict rules and are required to use the Property Inspection Report Form promulgated by the Texas Real Estate Commission. Though there are some limitations to what inspectors can evaluate, they will assess the home’s structure, electrical systems, AC and heating, plumbing, appliances, and many other aspects.
Inspectors Find Things You Might Overlook
Inspectors will always find issues, even in brand-new construction. But at least you know about the problems and can choose how you want to deal with them. For certain deficiencies an inspector discovers, you may want to hire a specialist such as a structural engineer, plumber, or electrician to further evaluate the condition.
Inspections Help You Make Decisions
If the inspection uncovers big surprises, you may want to ask the seller to make repairs or lower the sales price. The seller may agree or refuse—or continue to negotiate. If things aren’t going the way you want, you could decide to walk away—if the option period hasn’t expired.
There’s Something Worse Than Finding Problems
No one likes it when an inspector finds deficiencies in a home. As a buyer, you want a home in the best condition possible. Sellers also don’t like news of problems with the home. But everyone benefits from this knowledge. An inspection reduces the likelihood of surprises down the road. A happy and informed buyer is less likely to complain or sue the seller after the sale.
Ask your REALTOR® if you have questions about home inspections, the termination option, or other parts of your real estate transaction. Your REALTOR® can help you sort through your options so you can achieve your real estate dreams.
Well said. If there are any questions, let me know, I’d love to help.
I always recommend that my clients get an inspection. Not a one has regretted it. Better to know what might lie beneath. I am happy to answer questions if you are considering buying or selling property!
I absolutely agree that we all need to use great inspectors. I am now a Realtor but wasn’t when I bought my house.
By the time I discovered what the seller and his real estate son were hiding it was too late to do anything’
You have 4 years to sue for damages
I’m wondering what are some common issues or problems that home inspectors typically uncover during their inspections, even in brand-new construction?
Interesting on many comments.
Home inspections are to note deficiencies and keep it simple for the client to understand. It is our job to do our very best to uncover or discover issues to assist the client. The specific issue should be noted so the client can make an educated decision.
To answers one question below: If you know the age of the home and what was used to build the home when the home was constructed, gives you a “hands up” for potential issues. You may or may not find issues.