What You Need to Know about Inspection Notices
Buying a home involves more than the transfer of money; the buyer and seller must both complete and uphold certain processes that protect and respect all parties involved. A home inspection is one such process that is essential to ensure that the buyer is not investing in a property that will turn into a money pit. This means that any realtor must pay close attention to the results of a home inspection, and deliver proper inspection notices to the buyer and seller accordingly.
What Exactly Is a Home Inspection?
A home inspection is completed by a professional inspection specialist in order to provide an objective visual examination of the physical structure and systems of a home. This includes every major system from the roof down to the foundation: the heating, central air, interior plumbing, electric, roof, attic, walls, ceilings, floors, windows, doors, basement, and structural components.
A buyer benefits from a home inspection because it offers an objective evaluation of a home’s physical condition and indicates specific repairs or replacements needed for optimal safety and function. This identifies potential problems, minimizes unpleasant surprises, and provides the buyer with the opportunity to ask the seller to make specific repairs.
Handling an Inspection Notice
Realtors are responsible for delivering inspection notices to sellers if an inspection identifies a serious problem that needs to be resolved before the purchase of the home. In order to prevent major conflicts before and after closing, a notice must be provided carefully and strategically. First, clarity is very important. If the problem is described clearly, the seller won’t misunderstand what needs to be done. It’s a good idea to refer directly back to the inspection report and provide visuals when possible.
Most realtors also request a licensed and insured contractor to complete the repairs when appropriate. This eliminates the possibility that the seller will complete complicated repairs like electrical work or roofing himself. A stipulation for a re-inspection opportunity also allows the buyer or inspector to evaluate the repairs and deem them sufficient.
The last thing that any buyer, seller, or realtor wants to endure is chaos during the closing process, which is why it’s so important to work with a title company in Florida that has the experience and skill to navigate any and all home buying and selling situations. Benefit Title Services, LLC has served the Tampa area and beyond for more than a decade with top-notch customer care. Call (800) 237-9190 today to get started!
