What The Real Estate Inspection Process Involves

by Geri Mason - Date: 2007-03-05 - Word Count: 395 Share This!

When buying any piece of real estate there are many details of the process that may come as a shock to you.

One of these details is the inspection of the real estate that you are interested in buying.

If you think that you are ready to buy a new home you will have to go through this process before you actually make a purchase.

This will allow you to learn everything there is to know about a home.

After all, do you want to purchase a home that has a cracked foundation? Of course you don't!

But if you do not go through the inspection process you may never find out about a lot of the things that could be wrong.

As a potential buyer it is your job to pay for the inspection of the real estate property that you are interested in.

While this is not a huge expense it is one that you will have to take on. So make sure that you budget for this before you ever start to search for a new home, or any other piece of real estate for that matter.

Also, make sure that your home inspection is completed by somebody who has experience with this process. You do not want your inspector to miss a potential problem. If they do this may come back on you many years down the road.

After your inspector checks out the real estate that you are interested in buying, they will provide you with a detailed list of what is wrong with the home.

It is at this time that you must look over each issue, and then address it separately.

There is a very good chance that if there is a lot wrong with the home that you may not want to buy it even if you do want to move forward in the process you will probably want to negotiate the price based on the issues that your inspector has found.

You should never pay full price for a home that did not pass inspection with flying colors.

Now can you see why the inspection process is so important?

If you do not take this seriously you may end up with a piece of real estate that needs more repairs than you had initially thought.

Of course if this happens you will get stuck paying a lot of money out of your own pocket.

Follow these tips and you will do well.

Related Tags: mortgage, real estate, buy home, inspection, house sale, invest real estate, real estate profit

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