{"id":6445,"date":"2022-07-23T19:35:16","date_gmt":"2022-07-23T23:35:16","guid":{"rendered":"https:\/\/dankrell.com\/blog\/?p=6445"},"modified":"2022-07-23T19:35:18","modified_gmt":"2022-07-23T23:35:18","slug":"the-thorough-home-inspection","status":"publish","type":"post","link":"https:\/\/dankrell.com\/blog\/2022\/07\/23\/the-thorough-home-inspection\/","title":{"rendered":"The thorough home inspection"},"content":{"rendered":"\n

Back in 2005, one of the first columns I wrote for the Montgomery County Sentinel was about getting a thorough home inspection.\u00a0 The market was similar to the recent sellers\u2019 market, where homes sold in hours after receiving multiple offers.\u00a0 Home buyers were making non-contingent offers, foregoing a home inspection, and many times offering incentives to the seller (such as free rent back, cars, vacations, etc).\u00a0 The point then, as it is now, is that inspections are important and helpful.<\/p>\n\n\n\n

\"home<\/a>
Home improvements<\/figcaption><\/figure><\/div>\n\n\n\n

Of course, the last year-and-a-half has been just as brutal\nto home buyers. Many buyers paid way over the list price.  And of course, many also had to forego an\ninspection just to be in the running with the competition.  <\/p>\n\n\n\n

Although home sales have waned recently, it is likely that sales will rebound in the fall.\u00a0 That said, the recent mini cycle allowed buyers and sellers to take a breather to figure out where the market is headed.\u00a0 As an increasing number of homes are for sale, the market will become be more balanced.\u00a0 A balanced market allows for mutual negotiation, including having a thorough home inspection.<\/p>\n\n\n\n

It\u2019s undeniable that home buyers have high expectations\nduring the buying process.  And that\nincludes the home inspection.  Buyers\nexpect a thorough and exhaustive inspection. \nThey rely on the inspector to identify concealed and latent defects. Basically,\nbuyers expect the inspection to help determine the condition of the home and\nits systems\/components before they move forward with the purchase.  <\/p>\n\n\n\n

Even though home buyers view the inspector as all-knowing, home\ninspections are not infallible.  Home\ninspectors are limited in their inspections and can miss items and\/or make\nmistakes.  Additionally, according to the\nstate\u2019s home inspector state licensing, a home inspection is \u201cnot technically\nexhaustive,\u201d and it may not identify a concealed condition or a latent defect. <\/p>\n\n\n\n

Home inspections are for all types of homes.  Besides resale homes, inspections also are\nfor new and recently renovated homes.  It\nis not uncommon to discover incomplete installation of a system in new or\nrenovated homes.  <\/p>\n\n\n\n

Overall, there is still a benefit of conducting a thorough home inspection. However, home buyers need to understand the limitations of their inspection.\u00a0 They should also attend their inspection ready to take notes and ask questions.\u00a0 <\/p>\n\n\n\n

By Dan Krell
Copyright \u00a9 2022 <\/p>\n\n\n\n

\"Protected<\/a><\/figure>\n\n\n\n

Disclaimer<\/a>.\n This article is not intended to provide nor should it be relied upon \nfor legal and financial advice. Readers should not rely solely on the \ninformation contained herein, as it does not purport to be comprehensive\n or render specific advice. Readers should consult with an attorney \nregarding local real estate laws and customs as they vary by state and \njurisdiction. Using this article without permission is a violation of \ncopyright laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

Back in 2005, one of the first columns I wrote for the Montgomery County Sentinel was about getting a thorough home inspection.\u00a0 The market was similar to the recent sellers\u2019 market, where homes sold in hours after receiving multiple offers.\u00a0 Home buyers were making non-contingent offers, foregoing a home inspection, and many times offering incentives … <\/p>\n

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