There are many steps that need to be completed prior to the completion of a home sale. After an offer is made and accepted, you will now need to inspect the home to find out as much as possible about its condition. While some people believe that a home will either pass or fail the inspection, there is no such thing as failing a home inspection.
Understanding the Home Inspection Process
During a home inspection, you may find issues that can’t easily be corrected or issues that may alter how you are able to use the home. For instance, you may find that the roof is old or that there are termites in the walls. However, you can still buy the house if you think you can fix the issues you find or the seller has offered to fix them for you or reimburse you for the costs as a credit at closing.
It is also possible that you reduce the amount you are willing to pay for the home to account for the cost of repairs. If no agreement can be made, you may be able to walk away from the deal without any penalty depending on language in your offer. You may also get your good faith deposit back if you back out soon enough after making the payment.
The home inspection should be done by a professional of your choosing. While the seller or your agent may recommend someone, it is ultimately up to you as to who performs the inspection. While you don’t have to be present at the inspection, it is generally a good idea to be there as it occurs.
This gives you a chance to ask any questions you may have. Your agent can tell you more about the inspection process just after you put in an offer on available Overland Park homes for sale.
We have more home inspection tips and articles to your right in the Overland Park KS Home Inspections section. We also post tips from time to time involving home inspections on Twitter and Facebook. Follow us there as well.