If a seller accepts your offer to purchase his or her residence, it now may be time to schedule a house inspection. And if you have an expert home inspector at your side, you can get the information you need to determine whether to proceed with a house purchase.

Ultimately, there are several factors to consider as you evaluate a home inspector, and these include:

1. Industry Experience

It generally is a good idea to hire a home inspector who boasts plenty of industry experience. That way, you can work with an inspector who knows what it takes to analyze a house. And as a result, you may be better equipped than ever before to identify underlying house problems before you finalize a home purchase.

Ask a home inspector about his or her industry experience – you will be happy you did. If you dedicate time and resources to learn about a home inspector’s industry experience, you can determine if this individual can help you assess all areas of a house.

2. Client Referrals

A home inspector should have no trouble providing client referrals upon request. With client referrals in hand, you can reach out to a home inspector’s past clients and learn about their experiences working with this professional.

As you search for the right home inspector, you may want to contact several inspectors in your area as well. If you reach out to multiple inspectors and receive client referrals from them, you can boost the likelihood of making an informed hiring decision.

3. Your Homebuying Timeline

There is no guarantee that a home inspector will be available at your convenience. If you need to conduct a home inspection as soon as possible, you should search diligently for an inspector who can fulfill your request.

For those who want to quickly find a top-notch home inspector, there is no need to take shortcuts, either. Remember, a home purchase likely is one of the biggest transactions you will complete in your lifetime. If you fail to hire a highly trained inspector to evaluate a residence, you may struggle to identify potential home problems.

If you need extra help as you search for a house inspector, you may want to collaborate with a real estate agent, too. This housing market professional will guide you along the homebuying journey and ensure you can avoid costly, time-intensive mistakes.

A real estate agent can help you get in touch with the top-rated home inspectors in your area. Plus, he or she will provide plenty of guidance throughout the homebuying journey. If you ever have concerns or questions as you decide whether to purchase a house, a real estate agent can respond to them right away.

If you want to enjoy a successful homebuying experience, it helps to employ a first-rate house inspector. By considering the aforementioned factors, you can hire a superb home inspector to review all areas of a house. Then, you can obtain a home inspection report to help you make the best-possible decision about a house purchase.

Photo by Gerd Altmann via Pixabay

Once you sign a purchase agreement, whether you are the buyer or seller, it is very difficult to back out of it. However, as a buyer, you are able to back out if your real estate agent drafts the contract properly. Real estate agents use a standard contract. That does not mean that you have to accept the contract as it is written. You, as a buyer or seller, may make amendments to the contract. If you do make amendments, don’t get so crazy that the other party will file it in the round file.

Exceptions

Almost every real estate contract you see will have exceptions. In most cases, the buyer or seller has to add the exceptions. An exception is a condition that the buyer or seller has to meet. If the buyer or seller cannot meet that condition, the contract gets canceled and the buyer gets their earnest money back. Some examples of exceptions include:

  • Pending the buyer’s ability to obtain financing;

  • Pending a termite inspection;

  • Pending a home inspection; or

  • Pending clear title.

These are the most common exceptions, though buyers and sellers are not limited to only these. As for home inspections, buyers and sellers often negotiate repairs. If the repairs are significant, the buyer may ask the seller to grant a credit or to make the repair to keep the contract. If the seller refuses and the home inspection is listed as an exception, the buyer may back out and get their earnest money back.

Natural Disasters and Accidents

If Mother Nature rips down the house with a tornado or does extensive damage with a hurricane, the buyer may choose to back out of the contract without forfeiting their earnest money. If a fire burns the house down, whether it’s a forest fire or arson, the buyer may back out, as long as the buyer had no hand in the arson crime.

Other reasons a buyer may back out without forfeiting their earnest money include:

  • Flooding;

  • Extensive damage by trespassers;

  • If the buyer finds that the house is full of mold;

  • If the buyer finds that the seller did not disclose that the house had lead paint or asbestos.

Some contracts are written so that the buyer cannot back out because the seller did not disclose lead paint or asbestos. It is up to the buyer to ensure the clause in the contract is written so that they may back out of the contract. In fact, if asbestos or lead paint is a major concern for the buyer and the house is older, they may want to add that as an exception.

Always read real estate contracts carefully, including disclosures made by the seller. Amend the contract with exceptions if you are concerned about anything that may devalue the property.

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