What is Real Estate Inspection?
It is a property inspection to provide an opinion as to the apparent general condition of a building and its make up. The inspection will report on what is visually accessible and non-intrusive. It is a written report that may contain recommendations for further evaluations by professionals with regard to identified problems. It is not intended to be technically exhaustive. However, it will provide you with the general condition of the property.
What is Covered in a Property Inspection?
· Foundation, Basement or Crawl space · Grounds · Ventilation · Garage · Exterior/Roof · Heating & Air Conditioning Systems · Electrical · Bathrooms · Kitchen & Built-in Appliances · Plumbing
What if the Report Reveals Problems?
If the building inspector finds problems in a property, it does not mean you shouldn't buy it. It only means that you will know, in advance, what types of repairs to anticipate. The seller may be willing to make repairs on a significant problem discovered by the inspector.
Can a Building "Fail" the Inspection?
No. A professional inspection is simply an examination on the current condition of your pending purchase. It is not an appraisal or a Building Code inspection. Therefore, there is no "pass" or "fail". The inspection report will simply describe the conditions, and indicate areas that may need repair or replacement.
Inspection fees are based on square footage and extras like crawling under the structure, re-inspections, etc. Also payment is to be made after the inspection or an additional fee is added for escrow billing. In order for an inspection to be completed, a signed contract must be made.