It’s Not Personal!
The Inspection Period
Once you have a signed agreement between a buyer and a seller to sell or purchase a home the inspection period granted by the seller begins.
The Home Inspection Process can be intimidating to the buyer and intrusive to the seller. The seller opens their home to scrutiny on many levels allowing personal space to be invaded and picked apart to reveal any deficiencies. The Buyer can exercise their right to inspect the property themselves, seek the advice of a Licensed Home Inspector, or hire Trade Professionals to identify deficiencies.
The list of potential issues in a home are long and not limited to the following areas: roof, HVAC, electrical boxes and wiring, plumbing, interior and exterior sewer lines, water lines, gas lines, appliances, slab or pier foundation, square footage of all improvements, sheetrock, stucco, dryvit, structural, sprinkler systems, pools, pool servicing equipment, outdoor buildings, schools, zoning, and historical districts as well as the termite and wood destroying insects, fungi, and mold.
The Seller often provides known defects on the “Property Disclosure Document for Residential Real Estate”. It is important to note that the disclosures provided are not considered a warranty by the seller and are not a substitute for any inspections or warranties.
The typical home buyer chooses a Licensed Home Inspector and usually only reviews the “Hit-list or Summary page of the Inspection”. I am guilty of doing that on the most recent Inspection for a home I purchased which had an 18 page report with a 2 page summary and an 11 page photo addendum. The summary page clearly stated the following: “It is strongly recommended that you have appropriate licensed contractors evaluate each concern further and the entire system for additional concerns that may be outside our area of expertise or the scope of our inspection BEFORE the close of escrow. Please call our office for any clarifications or further questions.” This particular home has cost me $1,686.38 in plumbing repairs that could have been identified by my Licensed Plumber and avoided had I taken more time to comprehend the report.
A Louisiana Licensed Home Inspector will tell you he is not a licensed expert in the aforementioned areas. I recommend seeking the advice of Trade Professionals in each of the areas mentioned above.
The Realtors representing the Buyer and Seller are not certified, licensed or legal experts in any of the areas requiring inspections and should only review and negotiate the inspections and repairs.
Whether you are buying your first home or selling your sixth, the inspection process can cause anxiety. The buyer wants the best deal possible and will use this process to protect their future investment and negotiate the best deal. The seller should remember this is a Business Transaction and not take the list of deficiencies personally. The best advice I can provide is to seek the experience of professionals before you list or purchase your next home to avoid surprises.
Consult a Licensed Realtor to represent your interests and aid in the home buying/selling process.