I work a lot with buyers and I always recommend that they have a "Physical Inspection" of the property done. Buying a home is probably the biggest investment of your life and you need to know what you are buying. I know it is scary because you have been looking at tons of homes and finally got your offer accepted on your dream home. But you need to know as much about your dream home as possible to truly know if this is your dream home or a nightmare waiting to happen.
The first step is finding a reliable home inspector. You want one who is going to be affordable and thorough. You want a knowledgeable professional who will give you the honest truth. Here are some questions you should be asking when selecting a home inspector.
1. What is your experience and/or training?
2. Can you provide a sample report? You want to see how detailed the report is and what to expect.
3. What is covered and what is not. Some inspectors will not inspect pools, roofs, or appliances. You need to know this upfront.
4. What is the reinspection policy. If there are errors or omissions that come to light later will they come out an reinspect? If repairs are made will they verify the workmanship?
5. Will they provide references?
6. Do they have insurance?
You should try and be at the property when the inspection is done so that you can see exactly what the inspector is noting. Take some time to review the report. Make an informed decision to continue with the escrow and purchase the property or cancel and continue your home search. It can be a difficult decision but in the end you need to be confident you are purchasing a home that is right for you and that you know what you are purchasing.
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