Is a Home Inspection Really Necessary?
A home inspection is perhaps the most important step in the buying/selling process of a Magnolia TX home. It benefits both the buyer in understanding the condition of the house and the seller who wants to provide accurate disclosure information. A home inspection typically includes an examination of the heating and central air conditioning systems, interior plumbing, electrical systems, the roof, attic, visible insulation, walls, ceilings, floors, windows, foundations, and basements. Some may also include appliances and outdoor plumbing. The typical cost of an inspection varies depending on the area, size of the home, and services the inspector is providing.
For the buyer:
- All FHA-backed mortgages require a home inspection, and other lenders are beginning to request them, also.
- Even if a home inspection is not required to purchase your Magnolia TX home, it is strongly recommended. Home inspections can save you thousands of dollars in unexpected repairs and problems, and the inspector’s report is extremely useful when negotiating the selling price of a home that needs repairs.
- If you are buying a home, be there for the full inspection. The inspector will be able to answer any questions you may have about maintaining the house and discuss with you any potential problems. Include a proper home inspection contingency in your purchase agreement. If the inspector finds any major problems, you will need to negotiate with the seller to lower the price of the home or have the seller fix the problem. You can rescind your offer on the Magnolia TX home if the seller is not willing to re-negotiate.
- In addition to the general home inspection, you may also want to consider testing of other types, such as termite, well water, radon, septic system, and oil tank.
- To find a qualified inspector, click here.
For the seller:
- If you are selling your home, have an inspection done before you put your home on the market in order to avoid any surprises when potential buyers have their home inspector check it out. As the seller, you may choose to make repairs, using a contractor of your choice, without having to satisfy a potential buyer, or you may choose to disclose the conditions you are not going to repair and protect yourself from liability of nondisclosure claims.
- Use an online checklist to prepare for the inspection of your Magnolia TX home.
Whether you are new to the Magnolia Texas real estate market, thinking of moving up, or you’re an experienced investor, Pam Sitterly has the expertise, proven track record, and resources to help you buy Magnolia TX real estate for sale or market Magnolia TX homes for sale. Enthusiasm, knowledge of the area and personal concern for her client’s interests combine to make Pam an outstanding resource for your real estate transactions.
Pam works extensively to help Buyers and Sellers meet their Magnolia Texas real estate goals. For more information about buying or selling your Magnolia TX home, please call Pam at 281-723-0324 or via email with this convenient contact form.