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Home Inspections: A Quick Guide

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Home Inspections: A Quick Guide

A home inspection is a key step during the buyer’s option period. While not mandatory, it helps assess the property’s condition and is often a contingency in the purchase contract.

What Is Checked?

A licensed inspector evaluates:

  • Foundation
  • Heating and air systems
  • Plumbing
  • Roof
  • Fireplace

Common Issues:

  • Foundation, heating/air systems, and roofs are often the most costly to repair.
  • Cast iron plumbing in older homes may need replacement.

Inspectors flag concerns, and additional contractors may provide repair estimates if needed.

Inspection Details

  • Conducted by: Licensed inspectors (regulated by TREC).
  • Duration: 2-6 hours, depending on home size.
  • Cost: Paid by the buyer.
  • Attendance: Buyers are encouraged to attend.

Sellers should allow time for this process.

Next Steps

Inspection results may lead to:

  • Repair requests
  • Negotiations for concessions
  • Acceptance of the home as-is

Negotiations must occur within the option period.

For Sellers

A pre-listing inspection:

  • Identifies issues early
  • Allows for repairs in advance
  • Prepares for buyer discussions

Disclosure: Known issues and past inspections must be shared in the Seller’s Disclosure form.

Conclusion

Home inspections provide clarity and confidence, making the transaction smoother for buyers and sellers.