If you are in the process of buying your first house, you are probably very excited about closing the deal, moving in and getting everything in order. Your lender may have told you that home inspections in Georgia are necessary before a loan can get final approval. Although you might feel this is an unnecessary expense, there are a number of good reasons why inspecting a house prior to closing can be important and can save you a lot of money.
Since you don't own the property yet, it may seem as though the seller should bear the cost of any house check. Unfortunately, it is the responsibility of the buyer to get this job done, and it should be done as soon as possible after the contract signing. It may take a week or so to get someone out to inspect the house, and the contract will specify a deadline for filing any objections with regard to repairs. A good inspector will be able to point out any potential problems that might otherwise be overlooked until it is too late.
Real estate purchasers need to make certain that the individual doing the inspecting is a certified professional. Many new buyers don't know how to go about finding a qualified individual. Realtors are a good source of information when it comes to getting a competent person. Your lender may also be able to help you find someone trustworthy.
There are certain things an inspector is not responsible for examining. These include chimneys, septic tanks, and any out buildings that may be located on the property you are buying. These professionals do inspect the attic, the basement, walls, windows, doors, and floors. They also check the wiring and plumbing to make certain everything is up to code. In the basement, inspectors look for signs of previous standing water damage, and cracks in the foundation.
You have the right to accompany the inspector as he or she looks over your house and ask any pertinent questions. This will give you the opportunity to see the extent of any problems found and get a feeling for what repairs or replacement costs will be. The inspector is supposed to be working for you, not the seller, the Realtor, or the mortgage lender.
The inspector will submit a report after checking your house. You are entitled to a copy of the report and should ask questions if there are things that concern you. There will be no termite clearance included in the report. This is a separate issue, and in Georgia, you are required to have property inspected for termites and get a clearance letter prior to closing.
If your inspector uncovers expensive problems with the house, you need to send your Realtor written notification requesting an adjustment in the purchase price. If you can't come to an agreement with the seller, you might consider walking away from the deal.
Buying a house should be fun and exciting. You will probably learn a lot as you go through the process.
Since you don't own the property yet, it may seem as though the seller should bear the cost of any house check. Unfortunately, it is the responsibility of the buyer to get this job done, and it should be done as soon as possible after the contract signing. It may take a week or so to get someone out to inspect the house, and the contract will specify a deadline for filing any objections with regard to repairs. A good inspector will be able to point out any potential problems that might otherwise be overlooked until it is too late.
Real estate purchasers need to make certain that the individual doing the inspecting is a certified professional. Many new buyers don't know how to go about finding a qualified individual. Realtors are a good source of information when it comes to getting a competent person. Your lender may also be able to help you find someone trustworthy.
There are certain things an inspector is not responsible for examining. These include chimneys, septic tanks, and any out buildings that may be located on the property you are buying. These professionals do inspect the attic, the basement, walls, windows, doors, and floors. They also check the wiring and plumbing to make certain everything is up to code. In the basement, inspectors look for signs of previous standing water damage, and cracks in the foundation.
You have the right to accompany the inspector as he or she looks over your house and ask any pertinent questions. This will give you the opportunity to see the extent of any problems found and get a feeling for what repairs or replacement costs will be. The inspector is supposed to be working for you, not the seller, the Realtor, or the mortgage lender.
The inspector will submit a report after checking your house. You are entitled to a copy of the report and should ask questions if there are things that concern you. There will be no termite clearance included in the report. This is a separate issue, and in Georgia, you are required to have property inspected for termites and get a clearance letter prior to closing.
If your inspector uncovers expensive problems with the house, you need to send your Realtor written notification requesting an adjustment in the purchase price. If you can't come to an agreement with the seller, you might consider walking away from the deal.
Buying a house should be fun and exciting. You will probably learn a lot as you go through the process.
About the Author:
Get a list of important things to consider before selecting a home inspector and more information about a reliable company that specializes in home inspections in Georgia at http://www.mickeyellishomeinspections.com/index.html now.
