Home Inspection

In the past, when people bought a house, they had to trust their own visual inspection of the property and accept the homeowner's word that interior systems were in proper working order. This loosely woven system of implied trust worked well in many cases; but sometimes unsuspecting families, upon moving in, discovered leaking roofs, corroded water pipes and overloaded electrical systems, about which the sellers mayor may not have known.

Against a backdrop of heightened consumer awareness, a new method for protecting buyers and insuring successful sales has come into play. It is the professional home inspection.

Armed with the skills and knowledge to ferret out hidden flaws in the mechanical and structural condition of residential construction, the Home Inspector, at the buyer's expense, will provide the buyer with a report on specific conditions and potential problems within a few days following the signing of a real estate contract.

This report serves to alert buyers to major flaws or problems with a property prior to closing. Inserted in the contract as a condition of sale, the Home Inspection Clause helps to protect the buyer and, when prepared by a competent Home Inspector, the inspection report can perform a useful function.

The Home Inspection is not for the purpose of assembling a list of normal wear-and-tear items to be used as a wedge to reopen price negotiations after the fact, or as a convenient means to negate a sales contract.

Similarly, it is not intended to demand retroactively that a seller repair items obviously defective at the time the home was seen by the buyer. These items (such as leaky faucets, wall cracks, broken window panes, etc.) should be addressed specifically in the contract or simply considered in the price negotiations.

The buyer's agent, along with buyer, should also be present for the inspection, just as for a showing. A buyer's agent should not supervise the inspector or make comments regarding the condition of the property. If it is impossible for the buyer to be present, the agent should advise the buyer that all communications pertaining to the inspection and the report are to be made directly between the buyer and the inspector and the appointment with the inspector should be made directly by the buyer.

Buyers should also recognize that the inclusion of a Home Inspection Clause is generally unattractive to a seller, and may cause the contract to be rejected, particularly if the seller has other offers to consider.

The Home Inspection Clause serves the best interests of seller and buyer to make all known information about the property available to both parties. The Frumentino Team will be pleased to provide you with a list of competent home inspectors, who are required to be licensed in Illinois.

To provide some peace of mind to both buyers and sellers, a home warranty may be appropriate. Our team can provide details.

 

 

 
     

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