Home Inspection Reports


Whenever you are looking to purchase a new home, in Sean La Rue Home Loans we recommend you to have a home inspection which will take charge of evaluating the place before the loan process finalises. Its goal is to evaluate the home from a structural and safety standpoint, as well as to ensure you’re buying a hazard-free, up-to-code property that’s a good investment of your dollars.

Although home inspections are not required, you may consider doing one depending on different facts. Let’s go over the steps that we’d need to take during the home inspection process:

Step 1: Include A Home Inspection Contingency In Your Contract

First, make sure a home inspection contingency is included in your sales contract, which gives you a specified time period in which the inspections needs to be done.

Step 2: Understand How Your Home Inspection Contingency Works

During your contingency period you’re supposed to have enough time to do the following tasks:

  • Find a good inspector
  • Set up your appointment
  • Receive your inspection report
  • Get any follow-up or additional inspections
  • Decide what your next moves will be

It normally takes from one to two weeks once the sales contract is signed.

Step 3: Hire A Good Home Inspector

This is a very important part of this whole process, as the inspector that you end up choosing should have all certifications, training… It’s key that he/she has great experience working in the area you’re buying in, as they will be aware of any problems going on in the surroundings at the moment of the inspection.

Step 4: Read Your Home Inspection Report

Make sure to check that the home inspection report has a section for each room or area of the house, as well as a note about anything that needs repairs, is damaged or isn’t functional.

Generally, you’ll see the following terms for any issues they spot:

Material defect: A big issue that has the potential of affecting the home’s safety and its value.

• Major defect: A system or component that is not working, not functional and needs replacement or repair.

Minor defect: A small issue that can be easily fixed

Cosmetic defect: A small flaw that doesn’t impact safety or functionality.

Step 6: Get Additional Inspections

Just a few of the additional inspections you may want to consider include:

• Asbestos inspections.

• Pest inspections.

• Radon inspections.

• Termite or wood-destroying insect (WDI) inspections.

• Mold/mildew inspections.

• Lead inspections.

• Sewer or drainage inspections.

• Structural inspections.

• Chimney inspections.

• Geological inspections.

Step 8: Make Your Decision

Once the inspection reports have been done and you’ve checked everything is right, you’ll need to decide whether you go through with the deal, renegotiate it or go back to the drawing board.

Step 9: Confirm All Repairs Have Been Completed

If you choose to have the seller make repairs to the home, you’ll need to make sure these are completed the way you like. Have your agent schedule a walk-through of the home once the repairs are made, so you can check in on the work and keep your closing on track.

In the event you had the seller make major repairs to the foundation, roof or other important features in the house, you might want to have your inspector come back out for what’s called a “reinspection.” These allow the original inspector to come back out and verify that issues have been properly resolved.

Step 10: Close On Your Home

Finally, you can proceed to close. As long as everything goes right with your lender, you should be able to sign your paperwork and get those keys for your new home!

So that’s all for today, hope you found this article useful so far and don’t hesitate in reaching me out if you have any questions or need a consultation.

Stay hungry and stay positive!

Make it a great day,

Sean La Rue

Facebook: https://www.facebook.com/SeanLaRueHomeLoans/

Instagram: @seanlaruehomeloans

Linkedin: https://www.linkedin.com/company/sean-la-rue-sr-vice-president-franklin-loan-center/

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About Sean La Rue

Sean lives in the Palm Desert area and works with Franklin Loan Center as the Senior Vice President. Sean is ready to provide you the concierge level-of-service experience in purchasing or refinancing a home in Palm Springs, Palm Desert, La Quinta, Rancho Mirage, Coachella, Indio, or anywhere in California. His commitment is to treat your home loan like his own because he cares about your family.

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