Table of Contents
If you want a full copy, you’ll need to request it If you’re set on seeing the full results of the inspection, your agent can ask the buyer’s agent for a copy of the inspection report. The buyer’s agent will need to consult with their client and obtain approval.
Should I share my inspection report with the seller?
Sharing the inspection can be effective in negotiations but should be agreed to by the buyer. One is to point out deficiencies in the property and support the buyer’s request for repairs. After all if your offer is not accepted the next offer will probably ask for the same repairs.
Can I use a previous home inspection?
Although you can’t use the report as part of your due diligence, it may provide you some valuable information. That being said, a buying decision should not be based solely on a prior home inspection. Problems addressed in the report may have been corrected or, worse, inaccurately reported.
What should a home inspection report look like?
A home inspector will look at things like a home’s foundation, structural components, roof, HVAC, plumbing, and electrical systems, then provide a written home inspection report with results. A home inspection generally takes two to four hours, but may take more time depending on the size of the house.
Is a home inspection confidential?
Home Inspections are Confidential and Belong to The Previous Client. First and foremost, any inspection that a home inspector performed for a prior client belongs to that client.
Does the seller get a copy of the appraisal report?
The seller often does not generally get a copy of the appraisal, but they can request one. The CRES Risk Management legal advice team noted that an appraisal is material to a transaction and like a property inspection report for a purchase, it needs to be provided to the seller, whether or not the sale closes.
What is a red flag on a home inspection?
Summary. A home inspection is meant to highlight potential issues that the property may have, whether they are visible or not. These assessments sometimes call attention to red flags, such as water damage, mold, and faulty electric and plumbing systems.
How much is a home inspection?
“Home inspections generally cost between $300 and $450,” says Angie Hicks, co-founder of the home services website Angie’s List. Hicks says buyers can expect to pay at least $400 for a home inspection from a reputable company on an average 2,000-square-foot home.
Does seller have to disclose previous inspection California?
Court decisions in California for decades make it very clear that sellers (and their real estate agent) have the duty to disclose prior inspection reports on a listed parcel that are in the possession, custody or control of the seller regardless of who initially paid for the report.
Should I give seller copy of the home inspection California?
Buyer must give Seller copies of any Inspections – Under Paragraph 12. This is especially important because if there are adverse conditions referenced in any such Report, the Seller will want to know about this and determine if there is a disclosure obligation for future buyers.
How do I make an inspection report?
Writing an Effective Inspection Report Know your audience. Relevant information is presented to a particular audience. Four sections are included in a well-written inspection report. Good writing tips. Formal reports require formal responses. Require a follow-up process.
Who attends a home inspection?
Buyers should decide who attends a home inspection Real estate agents are normally the ones who coordinate home inspections. However, since it’s usually the buyer who hires a home inspector, circumstances often override the real estate agent’s preferences.
What typically fails a home inspection?
Top reasons home inspections fail Electrical problems: The most common electrical issues include wiring that’s not up to code, frayed wiring, or improperly wired electrical panels. Plumbing issues: Leaky pipes (and resulting water damage), failing water heaters, and sewer system problems are some of the most expensive.
What is the riskiest part of a home inspection?
The hardest thing to inspect when it comes to plumbing issues are the pipes themselves since they are likely under the home. You’ll want to be sure to ask your inspector to pay special attention to the plumbing as they are likely going under the house for other reasons and will only report back on the type of plumbing.
When can I walk away from home inspection?
We’ll say it again: there’s no hard and fast rule for when to walk away from a home after an inspection. A home that needs a lot of repairs may not get appraised at the value of the selling price. In a situation like this, you may have no option but to walk away from the property because the loan will not fund.
Does California regulate home inspectors?
The home inspector profession is regulated in California under Chapter 9.3 [195-7199]. Our free Home Inspection Report Software has this California requirement incorporated into it, and information is included in the course.
Does the buyer get a copy of the appraisal?
Yes. You have the right to receive a free copy of your home appraisal for a first-lien mortgage. Promptly after the appraisal report is completed, and no later than. Three days before your loan closes.
Who receives a copy of the appraisal?
Lenders generally provide a copy when the applicant pays for the report, requests a copy, and proceeds to close with the lender who ordered the appraisal. According to Broker Outpost, a borrower has the right to receive a copy of the report if he sends a written request within 90 days of the loan application.
Can seller ask for more after appraisal?
If you and your agent think the appraisal is too low, you may request a second opinion. You can ask for another appraisal; however, understand that you may be out of luck if the second appraisal comes in even lower than the first.
