THE INSPECTION PROCESS
When you make an offer on a home, your Purchase Contract will likely contain provisions allowing you various inspections of the property. The purpose of these inspections is to educate you as to the physical condition of the property you are purchasing; they provide valuable information to you as a Buyer. Your Purchase Contract may provide for withdrawal from the contract if these reports are unsatisfactory to you or allow you to negotiate newly discovered defects. But, inspections should not be considered an open door to renegotiate the purchase price on previously disclosed effects.
Structural Pest Control Inspection
Often referred to as a “Termite Report,” the Structural Pest Control Inspection is conducted by a licensed inspector. In addition to actual termite damage, the Pest Report will indicate any type of wood-destroying organisms that may be present, including fungi (sometimes called dry rot), which generally results from excessive moisture.
Section 1 Conditions
Most Pest Reports classify conditions as Section 1 or Section 2 items. Section 1 conditions are those that are “active,” or currently causing damage to the property.
Section 2 Conditions
Section 2 items are those that are not currently causing damage, but are likely to, if left unattended. A typical Section 2 item is a plumbing leak where the moisture has not yet caused decay.
The Buyer usually pays for this inspection. The work to be completed is negotiated between the Buyer and Seller. If we are provided a pest inspection report prior to writing our offer, it is often assumed by the Seller that we took this information into account when arriving at our offering price. I will advise you in these matters.
The inspection clause in your Purchase Contract, when initialed by both parties, allows you the right to have the property thoroughly inspected. This is called a general home inspection, and is generally conducted by a licensed general contractor who specializes in pre-sale inspections. The general inspection will often call for additional inspections by specific trades people such as roof or furnace inspectors. By law, licensed home inspectors do not give bids for repairs that may be required.
The Buyer usually pays for this inspection.
Home Protection Plans are available for purchase by a Buyer or Seller. Such plans may provide additional protection of certain systems and appliances in your home. I will provide you with brochures detailing different companies and options.