Jeff Comlin
Success! Real Estate
Office: 781-848-9064
Cell: 781-413-4293
Fax: 781-848-9975
[email protected]
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> Getting Started
 
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    > Steps to Purchasing
     
  • Offer to Purchase
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  • Home Inspection
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    > Useful Links
    Home Inspection

    When do you have one?
    After your offer has been accepted, you as the buyer have the right to setup a home inspection. You generally have 10 days to have a home inspection done.

    What is a home inspection?
    A home inspection checks the property from the foundation to the roof. While touring and inspecting the prospective property, your home Inspector completes an itemized list of the property. Such as the heating system, plumbing, electrical, foundation, roof, etc. The inspector will write comments and rate the different aspects of the house and compile this information into a report which is yours to keep.

    Who hires a home inspector?
    The home inspector is hired and usually paid for by the buyer. There are many home inspection companies to choose from. You make the choice to hire a particular inspector, your realtor does not do this for you.

    How much does a home inspection cost?
    Prices for a home inspection will vary, depending on type of home, such as condominium, multi-family, or single family homes. Prices will also vary, depending on additional inspections such as lead paint, radon, and UFFI chemicals and gases.

    How long does it take?
    The home inspection generally lasts about 2 to 3 hours

    What should you do at the home inspection?
    During the home inspection you want to stay close to your home inspector. You want to ask any questions or concerns that are with the property. This person is there to help you understand the attributes of the home.

    What happens at the end of the home inspection?
    At the end of the inspection, your home inspector will usually speak with you about the highlights of the home. The home inspector will point out any major problems with the home that you should immediately be aware of. You will receive a written copy of the inspection report in a few days after. Usually the inspector goes back to the office and formalizes the report.

    What happens if the home inspection shows major repairs?
    After the home inspection, you may either be ecstatic that the house is in great condition and needs no work whatsoever or you just found out the roof is in terrible shape and the furnace is dying. You have 3 options:

    1) The buyer may determine that the cost to fix the problems is rather insignificant and decide to pay the cost themselves.

    2) The buyer may feel that the work is a lot more than they expected when they initally made the offer. The buyer may negotiate the price of the home or the cost to resolve the issue. The buyer can ask for a portion of the repair cost or the whole cost to be paid by the seller. The seller can either agree to the terms of the buyer, counter with the buyer, or reject the buyer’s request

    3) The buyer can walk away from the deal.

    What happens if the buyer does not buy the home because of the home inspection?
    The buyer only loses the money of the home inspection or any additional inspectional services that they had performed. The buyer will be refunded his/her initial down payment or earnest money.

    What are some additional Inspections?
    Lead Paint:
    Paint manufacturers were allowed to put lead in paint through the year 1968, however, they were allowed to sell off their products into the 1970's. Therefore, Massachusetts extended the cut-off date for houses which could have lead paint to 1978. If the house you are purchasing was built prior to 1978, it could contain lead paint.

    When buying a home prior to 1978, Massachusetts requires that a lead paint disclosure should be given to the Buyer and the Seller of the home. This disclosure states that the Buyer has the right to perform a lead paint test of the premise. It also gives the opptorunity to the seller to disclose if there is lead pain in the home if the seller knows of.

    Like the home inspection, Usually you have 10 days to have this test done.

    Radon:
    Radon is a radioactive gas produced by the natural breakdown of uranium, which is usually presented in soil. Studies have shown that exposure to radon contributes to the incidence of lung cancer. The EPA advises you to take action to reduce the level of radon in your air if it exceeds 4.0 pci/L (picocuries per liter of air) in the lowest livable level of your home. Like the home inspection, Usually you have 10 days to have this test done.

    Termites
    This is an inspection of wood destorying insects. This is a good inspection to make sure that the wood structure of the home is solid.

    Now that the home inspection is completed and the buyer is happy with the conditions of the home, we move on to purchase and sales.



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