The Inspection Report
Are you looking for a home and becoming tired of house-hunting? If so, you may be tempted to buy a bargain-priced home “as is” and forego the home inspection. But without the inspection report, do you know what the “as is” refers to? Wouldn’t it be better to know what condition the home is in before you buy it?
The inspection contingency allows the buyer to enlist the services of a NYS licensed home inspector after the purchase agreement is signed. The inspector will go over the property from top to bottom, evaluating the condition of all the basic systems and structures of the home in order to identify conditions that may be considered material defects and thus may affect the market value or the safety of the home.
The inspector’s report is the only documented proof of the actual condition of the property that is being sold. It is a valuable tool that helps you negotiate the sales contract and gives you information about future maintenance projects. The cost of an inspection is well worth the peace of mind it provides.
Depending upon the property you are purchasing other types of inspections may be recommended or required. These inspections may include: Pest, well, septic, radon, mold, buried oil tank, etc. Your Realtor is a valuable resource to help you.