Home Buying Tips
In New Jersey most prospective home buyers put in an offer on a home. After it is accepted by the seller of the home the buyer and seller each hire an attorney to review the contract of sale. Each attorney usually has changes to the contract they recommend to their client. The two attorneys then contact each other to work out the differences. During the attorney review process is when many home buyers begin to search for a home inspector. Wise home buyers consult friends, family and their attorney for referrals to reputable and experienced home inspectors. Most home buyers find spending some time and effort into carefully selecting a home inspector is time well spent as it is ALWAYS easier to address potential problems rather than wait for the problem to be realized. While it may seem easier to go through the real estate agent to find a home inspector it can be emotionally and financially crushing should that home inspector lack the expertise to go out of his way to find all the problems that can be found during the home inspection.
Sometimes a highly skilled home inspector finds problems with a home that would exceed the home buyers budget, expertise or desire to get involved in complex issues. While it may be possible to negotiate with the seller of the property for a credit or for the seller to take corrective actions other times it does not work out. Banks and finance companies are notorious for not wanting to fix a single thing and to put all problems on the home buyer. On occasion some home buyers are able to lower their the offer and pay less for the home. Many times common ground can not and the buyer and real estate agent search for another home. After nearly two decades of home inspection experience I can assure you nearly all home buyers who do not buy the first home I inspect for them find a second home much more to their liking, many times for less money and in better condition.
Would you believe there are some real estate agents will refer the client to complacent home inspectors that do not go out of their way to tell buyers about problems with the home. Complacent home inspectors may not provide home buyers what they are entitled to a simple narrative of what is wrong, why it is wrong, why corrective actions are necessary and what to do about it. Anytime you see a home inspection report describing a condition with more than a very few recommendations to monitor a condition your should ask what that means. Too often it means you supposed to wait till after closing to pay for the repair yourself. I can not think of any problems with a home that will get better with monitoring, corrective actions are almost always necessary.
Think of it this way: If there is a structural crack in the foundation wall of your home that you are “monitoring” who gets to pay to repair or replace the wall when it fails. If there is a structural crack in the foundation wall of your home that you are told in your home inspection report requires immediate corrective action in order to avoid failure the existing home seller gets to pay to repair or replace the wall PRIOR to closing of title.
A half hour spent reviewing a home inspectors resume is a very small percentage of the twenty year mortgage note you will be signing closing day.
Although you will find a wide disparity in home 1inspection fees you are likely to find very few professional home inspectors who are in business for the long haul. The only way one can stay in business for years is by charging enough to be able to do the best job possible for each and every one of their clients.