Home Inspections Facts

A Home inspection has to be performed by a licensed professional home inspector; A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. The result is an analytical home inspection report, which details the current condition of the home and alerts buyers to any major and safety defects. Most buyers request a home inspection when buying a home to identify issues /problems in the house so they can avoid spending more money in unexpected repairs after closing, and to protect themselves from overpaying for the property as well as to identify any major structural issue.

Typically, the buyer pays for their own inspection, and can use a licensed home inspector of their choosing. However, sellers who may be concerned about what might be found in an inspection sometimes opt to pay for their own pre-inspection. Based on the results, you can price your home accordingly, and you won’t be surprised by the results of your buyer’s inspection. Do note that any problems revealed in your pre-inspection must be disclosed to your buyer.

The timeline depends on the market and the contract, but within 5-10 business days of both parties accepting the deal is standard.

Usually, the 5-10 business days allowed in the contract includes both conducting the inspection and requesting any repairs in writing. In a buyers’ market, buyers sometimes have more time, but in a sellers’ market, they usually have to act quickly.