The Wagley Group is Lenawee County's real estate experts. We strive to answer all of your questions during the home-buying and home-selling process. Plus, we can put you in touch with local experts to help you with various aspects of the home-buying and home-selling process. This blog post focuses on answers to some Frequently Asked Questions about home inspections with guidance from the International Association of Certified Home Inspectors (InterNACHI).
What is a home inspection? According to InterNACHI, a home inspection is a visual examination of a home's major structure, systems and components that are visible and safely accessible. There are standards of practice that outline what should be covered during a general home inspection and an inspector should discuss what they will include prior to the inspection, this is also known as the scope of work. Your home inspector should provide you with a copy or online link to the standards of practice they follow as well as a written report, which may include photos and/or recommendations, of his or her findings of the inspection.
Why do I need a home inspection? Buying a home is typically the biggest investment you will ever make, so it's important to get a home inspection to identify and document defects from simple replacements or repairs, to severe damage or safety and health concerns. Additionally, most mortgage companies require a home inspection on a property before approving your home loan.
Where can I find a home inspector in my area? The Wagley Group has a number of inspectors that come highly recommended. Contact us at The Wagley Group for our preferred list today!
The State of Michigan does not license home inspectors, so it is important to learn what qualifications and certifications the home inspector you choose has. InterNACHI, for example offers designations including Certified Professional Inspectors (CPIs)®. Their members also follow a Standards of Practice and adhere to a Code of Ethics.
How much does a home inspection cost in Michigan? The cost will vary based on the inspector and the scope of the inspection to be performed. Generally, you should expect to pay several hundred dollars. Prices can vary based upon the overall square footage of the home.
How long does a home inspection take? You should plan to set aside at least two to three hours for a home inspection, depending on your home's age, size, and location, as well as the home inspector's own process.
When should I schedule a home inspection? A home inspection is usually scheduled after an offer has been made and accepted, but before the closing date. With this timeline, an inspector can rule out any major defects that could be dangerous or costly.
Should I be present for the inspection? Yes. It is recommended that you should attend your home inspection. Doing so, you will learn a lot and gain a better understanding of your prospective home's condition.
What happens if the inspection reveals problems? If your home inspection reveals issues that need to be addressed, it is important to understand the severity of the defect. Obviously, a major foundation or evidence of mold may mean that you need to renegotiate your purchase price with the seller or look at ways to solve the issues before the transaction goes through.
Please remember that most purchase agreements indicate that buyers are purchasing a home in its present “AS IS” condition. A home inspection will certainly provide a “punch list” of what can be accomplished over time. If buyers wish to open up the accepted purchase agreement and negotiate possible seller repairs, this might compromise your preferred status and open the door for a possible secondary offer to in an effect buno you out of a primary position. Make sure you ask an agent from The Wagley Group to explain this possible scenario in greater detail.
Do you have questions about home inspections in Lenawee County? Contact The Wagley Group to get advice and to start your home-buying journey!