Real Estate 101 - The Reason for Inspections

Property inspections may be a challenging step in the home purchase process. Buyer emotions are typically high and there is a lot of information to process. Having knowledge of how inspections function will make them easier to deal with when the time comes. The following is guidance on interpreting Charlotte NC inspection results.

The Reason for Inspections

Anyone who's ever forgoed the inspection process of a real estate purchase, will most likely, regret it.  Inspections provide buyers an opportunity to thoroughly review the major systems in a property, analyze more carefully the home condition, and understand how everything in the property functions. Buyers should select a certified inspector to complete this process. They commonly assess the electrical, heating/cooling systems, roof, plumbing, appliances, floors, windows, doors, and structure of a home. Inspectors carry out varying techniques, but most will look at the exterior and interior and complete a detailed report. Home buyers should follow the inspector and learn as much as they can about the home. If any problems are found, buyers should view the area in question for themselves and get a full understanding of it. Remember that although inspectors attempt to perform a complete test of each area of a home, they cannot view through walls and other unreachable areas, so there are limitations.

Property Defects

When home buyers see a home, they understandably only catch the most visible problems. An experienced inspector will recognize defects that may not be clear or disclosed and detail those items in a report. Buyers must then assess the gravity of the defects. Again, attending the inspection will help with this.

Recommendations for Renovations

Often included in inspection reports are general recommendations relating to home ownership. These are not necessarily pressing matters, but rather ways to prevent future ones or to improve the functionality of a home. For instance, an inspector might recommend that the exterior grading around the home be altered to reduce the likelihood of moisture seeping into the foundation.

Evaluating The Report

Buyers must interpret inspection results and separate defects from suggestions. Buyers can try to negotiate defects, but it is not prudent to demand upgrades. Properties are normally priced based on age and features. If improved throughout, it would sell for more than the current price. For items that are serious problems, a negotiation process must take place.

Guidance on Interpreting Charlotte NC Inspection Results

Speak with your AllenWay real estate broker for suggestions on the next steps. Remember that inspection reports cover both defects and general suggestions, and that trying to receive upgrades is almost never successful. Inspections are not a reason to renegotiate price but instead a chance to address serious problems that were not previously known. Discuss different options and possible results with your real estate agent.