The purchase contract usually includes an inspection contingency—a period of time when the buyer can inspect the property or order a professional home inspection, and pull out of the contract with no penalty if the buyers don’t like what they see.
A professional home inspector will usually look at:
Heating system Central air conditioning system (temperature permitting) Interior plumbing and electrical systems Roof Attic, including visible insulation Walls Ceilings Floors Windows and doors Foundation and structural components Basement
Inspections are usually performed at the buyer’s expense. The average cost of a home inspection in the US is $277-$399, but depending on the home, it could be a lot less, or a lot more. Don’t be alarmed if the inspector reports a long list of defects. No home is perfect. I will help you identify which defects are no big deal and which ones might be grounds to renegotiate or even cancel the contract.
13 · Buyer Guide
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