Home buyers have a lot of questions about a home inspection. They also sometimes believe common myths, as certain aspects of the process remain mysterious. That’s natural since most people only purchase a few homes in their lifetime. Some people only buy one. Here are five concerns and myths that pop up time and again.
Myth #1: If It’s in or Around the House It Must be Inspected
While it’s true that a certified home inspector will inspect the dwelling inside and out, he won’t inspect everything that’s inside and out. There are limits to what home inspectors can do. One of the top home inspection customer complaints is an overlooked defect. Certainly, the inspector must not have paid attention. But if the item was never in the scope of an inspection in the first place, it wasn’t overlooked.
Myth #2: An Appraisal is as Good as an Inspection
If the buyer uses a lender, the lender will send an appraiser to check out the property. Unfortunately, buyers sometimes confuse this part of the process. They may think that appraisers are on their side. Unfortunately, they may also think that an appraiser will find anything that an inspector could, which leads some buyers to skip the inspection.
Appraisers traditionally work for the lender and their job is to determine value. That lets the lender determine if the home supports the asking price. They may find the most obvious of defects.
But appraisers won’t shimmy through a crawl space, test GFCI receptacles, or suss out the source of mysterious plumbing leaks.
Myth #3: Home Inspectors Should Know (or Could Never Know) Everything About a House
Home buyers tend to fall into two camps about the scope of home inspection work. Some think inspectors should know everything and find everything. As such, they are remiss in their duties if anything goes wrong after closing.
The other camp thinks home inspectors probably know almost nothing about home systems. They’re generalists, after all, and what generalist could thoroughly inspect every system in a house in a knowledgeable way?
The truth, of course, is somewhere in the middle. Certified home inspectors are knowledgeable. You might not be an HVAC technician, but you know how different systems work and how to spot common defects.
Myth #4: Home Inspectors Must be Licensed
This myth is quite common. At some point, every home inspection customer will find out that it’s not true, but educating your market can help eliminate it for good.
Some states do license home inspectors. Many do not. A license doesn’t make a better home inspector, just as the absence of a license doesn’t mean the inspector doesn’t know the job.
Myth #5: Inspectors are Also Known as Deal Busters
In every town, there’s probably one disgruntled real estate agent and seller who blames a home inspector for a deal gone afoul. Buyers should celebrate inspectors who provide enough information to help them avoid a bad investment. Real estate agents should, too.
Unless a home inspector uses unnecessarily persuasive language to portray home defects as much worse than they are, a report should be viewed as nothing but information. What the customer does with it is his or her own choice.
The home inspection industry is just beginning to mature. As such, a lot of myths still circulate among agents, buyers, and sellers. Just a few decades ago, buyers tended to buy a house with only the vaguest idea about whether or not it was worth the asking price. Some hired contractors to give the property a once-over. As more and more inspectors enter the field, facts will overtake the myths.
Pre Listing Home Inspection
Knowing how to prepare for a home inspection is one of the critical elements in making sure you avoid problems with your sale.
Before you sell your home one of the smartest things you can do is get it inspected. This is the only way you can be sure that there is nothing significantly wrong with the property you are selling.
Often home owners have no idea their home has any issues.
Why get a pre-listing home inspection?
A pre-listing inspection, which is paid for by the home seller. Typically, home inspections are paid for by the buyer and performed right before closing the sale of the home.
By moving the inspection to the beginning of the sales cycle, sellers are able to shorten the process by removing obstacles before they can interfere with a potential sale. The importance of having a home inspection as part of the home sales process cannot be understated.
1. Time - Selling agents are given time to help the seller decide what areas to work on to improve the home’s appeal.
2. Options - Sellers can choose who they want to perform the inspection and assist in providing details of equipment maintenance, supply dates of improvements and explanations for current conditions.
3. Flexibility - Sellers gain more time to make repairs and compare bids on work to be done, and can truly provide full disclosure to their potential buyers.
4. Accurate pricing - A pre-listing home inspection helps the agent set the seller's price expectation and can be used to substantiate a higher asking price.
5. No surprises - Agents will have fewer issues to negotiate at the 11th hour, and buyers may even waive their inspection.
6. Full disclosure - Buyers’ benefits include receiving a third-party review of the home’s condition before making an offer which can assist in procuring financing.
7. Stress relief - The inspection can remove any doubt the buyer might have regarding any initial concerns and may also reduce the stress associated with purchasing a home
Never hire an inspector who is not a member of InterNACHI, which provides the most trusted and rigorous training for inspectors in the industry! For more information on finding the right home inspector - read my previous blog entries:
• “Choosing The Right Home Inspector” &
• “Why Hire an InterNACHI Certified Professional Inspector?”
Copies of the inspection report, along with receipts for any repairs, should be made available to potential buyers. For more information on home inspection report let - read entry
Paying a little extra for an InterNACHI inspector pays off!
🏠 Choosing the Right Home Inspector 🏠
Buying a home? It's probably the most expensive purchase you'll ever make. This is no time to shop for a cheap inspection. The cost of a home inspection is very small relative to the value of the home being inspected. The additional cost of hiring an InterNACHI-Certified Professional Inspector® is almost insignificant.
You have recently been crunching the numbers, negotiating offers, adding up closing costs, shopping for mortgages, and trying to get the best deals. Don't stop now. Don't let your real estate agent, a "patty-cake" inspector, or anyone else talk you into skimping here. InterNACHI-certified inspectors perform the best inspections by far.
InterNACHI-certified inspectors earn their fees many times over. They do more, they deserve more, and -- yes -- they generally charge a little more. Do yourself a favor... and pay a little more for the quality inspection you deserve.
The licensing of home inspectors only sets a minimum standard. Much like being up to code, any less would be illegal. Imaginary people, children, psychics (who claim to "sense" if a house is OK) and even pets can theoretically be home inspectors. InterNACHI, the International Association of Certified Home Inspectors, front-ends its membership requirements.
So, the next time you need a home inspector (or need to refer your clients to one), make sure that inspector is a member of InterNACHI.