Well, for Mr. or Ms. Investor a home inspection is your way to find out if the home you are purchasing is really what it seems. The home inspection is part of your due diligence, in other words, to make sure you are buying what you expect. If you are purchasing what you expect then you will have peace of mind that you are making a wise investment decision. If the inspection report is not acceptable then you have the opportunity to move on or make changes to the conditions of your contract. That is, if you have an inspection contingency in your purchase agreement.
In making a purchasing decision, information is power. A thorough home inspection will give you the information you need to make a wise decision. The information you receive from the report should be nonbiased, accurate, and from a qualified inspector. Some states, but not all, have some sort of standards of practice, licensing or education requirement to inspect a home. If you live in a state with a licensing requirement, request a copy of the state standards of practice from your inspector.
The standards of practice vary from state to state so it is also wise to obtain a copy your inspector’s professional standards of practice. The two professional standards that I recommend are from the American Society of Home Inspectors or the National Association of Home Inspectors. Obtaining these standards is very important for those of you who are purchasing a home in a non-licensed state with no standards. By reading these standards you will know the minimum level of reporting your inspector will provide. Some inspectors may exceed these minimum requirements, and usually the best ones do.
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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Well, for Mr. or Ms. Investor a home inspection is your way to find out if the home you are purchasing is really what it seems. The home inspection is part of your due diligence, in other words, to make sure you are buying what you expect. If you are purchasing what you expect then you will have peace of mind that you are making a wise investment decision. If the inspection report is not acceptable then you have the opportunity to move on or make changes to the conditions of your contract. That is, if you have an inspection contingency in your purchase agreement.
In making a purchasing decision, information is power. A thorough home inspection will give you the information you need to make a wise decision. The information you receive from the report should be nonbiased, accurate, and from a qualified inspector. Some states, but not all, have some sort of standards of practice, licensing or education requirement to inspect a home. If you live in a state with a licensing requirement, request a copy of the state standards of practice from your inspector.
The standards of practice vary from state to state so it is also wise to obtain a copy your inspector’s professional standards of practice. The two professional standards that I recommend are from the American Society of Home Inspectors or the National Association of Home Inspectors. Obtaining these standards is very important for those of you who are purchasing a home in a non-licensed state with no standards. By reading these standards you will know the minimum level of reporting your inspector will provide. Some inspectors may exceed these minimum requirements, and usually the best ones do.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125