What to Expect When You’re Inspecting

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http://www.zillowblog.com

A property inspection is one of the most important parts of the purchasing process, yet many buyers don’t know what to expect from the various players involved. Before you begin to redesign the basement and pick your wall colors, make sure that your inspections are clean. Here’s a guide to the roles and responsibilities each of the players has during a typical property inspection.

You, the Buyer

You’re there to learn as much about the property as possible. But you should have already done your homework before the big day.

Prior to the inspection, review the seller’s property disclosures and know up front what questions you have for the inspector. Things may have come up during the marketing or during a walk-through that concerned you. Or maybe the seller disclosed that some unpermitted work was done in the basement years ago. Before you release your inspection contingency, know exactly what you’re getting into and that there aren’t any surprises down the road. Most inspections go smoothly, but some can be the beginning of tough negotiations.

The Buyer’s Agent

Your agent should be standing by your side to walk you through the inspection. Good agents have been through dozens of inspections and know how they work. They should have basic knowledge of what to look for. Most importantly, they know what’s important and what matters in the big picture. If you’re getting a really good price on the home, your agent would likely advise you not to bother the seller for small fixes. If you’re paying top dollar and discover serious flaws, your agent can guide you on how to best proceed after the inspection.

The Listing Agent

For many reasons, the seller won’t be present during the inspection. But the seller’s listing agent will be front and center as the eyes and ears of the property inspection.

Sometimes, it seems as though the listing agent is there to “defend” the property against the buyer, her agent and their chosen inspector. Some feel the inspection is a “three against one” situation. It shouldn’t be.

Though the listing agent is there to be an advocate for the seller, everyone should come with the same goal in mind: to facilitate a clean sales transaction.

The Inspector

As the buyer, you hire the property inspector, who should be licensed by the state. Most buyers get a referral for an inspector from their real estate agent.

The inspector is not a contractor, though some inspectors were contractors in their previous careers. While they may be able to shed light on what you can or can’t do to a property and its potential costs, their main purpose is to inspect the property, its systems and the overall state of the home.

A good inspector will remain impartial and not be an alarmist, though they will point out things to be addressed. The inspector should look around, make notes and provide you with a detailed report as well as some feedback on future maintenance. Be sure to walk through the property with the inspector. Whenever possible, go where the inspector goes. Get on the roof, go into the basement, venture into the crawlspace. It will be helpful for the inspector to point things out to you in real-time and demonstrate where the systems are and how they work. Also, some things are better understood in person than read about in a report later.

Time For a Huddle

After the inspection, you and your agent will likely huddle to talk about what went on and to strategize next steps. Hopefully, the inspection was flawless and you are one step closer to picking out your new paint colors.

Source: Brendon Desimone. Zillow blog

Greater Pensacola, FL Real Estate Experts – Making It Happen for Buyers and Sellers!

Grand Realty is a greater Pensacola real estate company that opened its doors in June of 2003. We strive to help all of our clients with their individual real estate needs, whether it’s buying a home in Pensacola FL and the surrounding area or selling their existing Pensacola property.

We have approximately 30 agents with a wide range of specialties that include:

  • Pensacola new home buyers
  • Pensacola short sales
  • Pensacola Foreclosures
  • Pensacola Investment properties
  • Pensacola commercial properties
  • Pensacola vacant land
  • Pensacola water front properties

Grand Realty is also proud to say we have agents who are bilingual, Spanish and Chinese that are placed throughout a good majority of Northwest Florida including Pensacola, Milton, Pace, Navarre, Perdido Key, Jay, Cantonment, Gulf Breeze, and Navarre. The Broker of Grand Realty is also licensed in Alabama. Please feel free to email or give us a call, and from everyone at Grand Realty, thanks for your business!

Grand Realty 3806 Hwy 90, Pace, FL 32571 Office Phone: 850-512-1185 Office Fax: 850-512-1195 Email: Office@GrandRealty.net

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