Hey, Buyers: Common Home Inspection Myths
Inspectors Can Predict the Future, After seeing dozens of duds, you’ve found the perfect house. You’re all set with pre-approved financing and a grand vision of how you’ll make this place look fabulous. Best of all, after some nail-biting negotiations, the seller has finally accepted your offer.
You’re done, right?
Well, not quite yet. There's still the home inspection—arguably the most important step of the home-buying process. Simply put, it can make or break the sale.
Of course, you probably know that the inspection is meant to, well, inspect the house and suss out any problems. But you may very well be making some sweeping—and perhaps false—assumptions about how these professionals work.
It can be confusing, we know. So join us as we debunk some of the most common home inspection myths.
Myth No. 1: A home inspection is the same thing as a home appraisal
In fact, these two things could not be more different,
“An appraiser’s function is to determine the value of a house on behalf of the lending institution.'
'Home inspectors are only interested in the safety of the home—not the value.”
That means if the seller offers up a glowing appraisal report, you shouldn't be swayed into thinking you’ve just saved yourself the price of a home inspection.
Myth No. 2: Home inspectors can advise you on whether to buy the house
“That's not my field of expertise,' “Often people ask, ‘Would you buy this house?’ I can only tell you about the functioning portions of the house, not whether you should buy it.”
And don't forget: Even though most inspections are done at the buyer's request, inspectors are impartial. If you think inspections are meant to help the buyer renegotiate the purchase price, think again.
Myth No. 3: It doesn't matter which inspector you hire
In the U.S., only 30 states require licensing for home inspectors, according to the ASHI. But even licensed inspectors have various levels of training or certification, so it’s up to the buyer (you) to find a competent professional.
“Just because someone is licensed doesn't mean they're qualified,' 'It means they have met a minimum requirement for their license.”
Do your homework by getting referrals from professional associations, agents, and other homeowners, and then checking references thoroughly.
Myth No. 4: The inspector will uncover every single thing that's wrong with the house
Much as you wish they could, home inspectors simply cannot check every nook and cranny.
Home inspectors are guests in the seller’s home, which limits what they can do.
“We're there for a visual inspection of readily accessible areas of the home, so if there's a china cabinet in front of something, we're not going to move it.”
That said, home inspectors do use specialized tools such as infrared cameras and moisture meters that allow them to gather more information. But buyers should be realistic about what they’ll learn.
For example: If you're buying a house in the middle of the winter, an inspector probably won’t be able to check a roof with 3 feet of snow on it. Instead, they’ll check the attic sheathing for signs of leaks.
Myth No. 5: Buyers don’t belong at the home inspection
It doesn't matter whether you know anything about home construction and maintenance. “Buyers absolutely should be there, without question,” Lesh insists. “I can go into more detail [than in the report], and you’ll have a three-dimensional view.”
Lesh also encourages all buyers—especially first-timers—to ask questions. While home inspectors can't tell you whether to buy the house, they canshare maintenance tips and advice.
Myth No. 6: Brand-new homes don’t need to be inspected
Faulty construction can lead to all kinds of repair nightmares in the future, so sparkly new houses need to be checked—maybe even more carefully than older ones.
“With a house that's already been lived in ... I can see whether there are signs of leakage, mold, or anything that occurs over a period of time,” he explains. “If it’s a brand-new house, nobody has showered in that shower or used the appliances, so it absolutely should be inspected, even though it’s under warranty.”
Myth No. 7: Home inspectors can predict the future
“A home inspection is a snapshot in time,” “We can tell you how old certain appliances are, and what the useful life of something is. ... But we don't know when a plumbing leak is going to happen or when a fuse will break on an electric panel.'
Lesh does, however, tell clients that everything in the house will need to be replaced at some point. Best practice? Budget 1% of the value of the house per year for maintenance.
Myth No. 8: A good house will ‘pass’ the inspection
Home inspection reports will never indicate whether a property passes or fails. That’s because everything depends on a buyer's tolerance level: What’s acceptable for one buyer could cause another to walk away.
We realize the decision to Sell or Buy is a personal one that depends on your financial situation, future plans and lifestyle. If you’re interested in a wealth of information and 18 years of experience to help you get started visit us at Precision Realty & Assoc. LLC or if you prefer a more personal touch, CALL 801-809-9866 today.
#RealEstateForSale #Homeownership #UtahRealEstate #HomeInspection
Blog Archive2018-12-05 08:02:12
In 2019 Mortgage Payments to Jump 8.4%
Financing for Manufactured Homes Coming
Tale of Dual Markets
Need to Sell Your Home this Winter?
Buyers Pull Away From New-Home Market
Mortgage Loan Limits to Rise in 2019
Home Buyers and Sellers Should Watch in 2019
Townhouse Construction is Expected to Increase
Cities With Oldest, Youngest Homeowners
Overall, December is the Best Time to Buy a Home
Sluggish Home Sales came to an end in October
How to Pet-Proof Your House for the Holiday Guests
10 Great U.S. Ski Towns
A Way to Keep Aging Parents Close to Home
Huge Mistake to Take Your Home Off the Market for the Holidays
Best Mortgage Advice I've Heard, Ever
Tips to Help You Avoid a Rental Scam
Buying a Home?
Mortgage Rates Rise this Week
Cheaper the Home
Building Credit History From Scratch
How to Get a Mortgage Without Freaking Out
Home Prices Are Decelerating Not Falling
First-time Homebuyers Transition from Renting
Click here to see ALL articles.