05/08/2019
What is a Home Inspection?
A home inspection creates a written report generated by a licensed professional home inspector after they have made a careful evaluation of the property. It is intended to give home buyers an unbiased, knowledgeable accounting of any identifiable issues a home has before they make the final decision to buy it.
A home inspection typically takes place while a home is under contract- which means you’ve made an offer on a house and it has been accepted. A buyer has a set period of time, which is laid out in their purchase agreement (it is often a week to ten days, but it varies) to complete the home inspection, review the results, negotiate the repairs to take place with the seller, and then decide if they want to leave the contract. Under most purchase agreements, the buyer can leave the contract without a financial penalty if the home inspection reveals issues that aren’t agreed to be fixed or are compensated for by the seller.