You just had the home you are trying to buy inspected, what’s next? Hopefully you attended the inspection and you are aware of the things your inspector found. I like to go over a preview of my report with my clients at the end of every inspection so they can ask questions and see issues in person before we leave the property. This also helps my clients know what to expect when they receive my report.
Step 1: Read the Report
When you receive your report over the next couple days, take time to review the entirety of the report. My clients will receive their report in the same day as the inspection, which can really help you hit the negotiating window that is written into your contract.
Many inspection reports are full of helpful information about your new house. I often include information such as areas that may need to be re-caulked, links to owners manuals for appliances, and the major defects I find. If you didn’t attend the inspection this is even more critical.
Step 2: Break it down
The amount of information in your report can be overwhelming so it is helpful to create 4 categories for the concerns or observations that are noted the report; then place each item in the report into one category. The categories I use are:
- Items to ask to be corrected before closing
- Items to ask the seller about (when a repair was made, by whom, etc.)
- Items to take care of after closing
- Information for future reference
Step 3: Talk to your real estate agent
Make a list of items from categories 1 and 2 and talk to your real estate agent. Your agent should have experience on how to deal with the home inspection findings and should serve as your advisor during the post-inspection negotiations.
Step 4: (Post-Closing) Make your to-do list
After you have taken possession of the house you can start taking care of items from category 3 above. Keep track of the improvements that you make; these can be used as selling points when you go to sell. Real estate agent like it when you can provide a copy of your inspection report and a list of all the things you have fixed that were in that report. It can help you get more for the house when you are ready to sell.
If you would like more information about Gears Home Inspections or how we can help protect you during your home purchase, please visit the contact page.