How do I get a home inspection report?

Monique you usually have to pay for the home inspection yourself but the seller pays for the termite inspection. You may try asking the owner or Realtor if the have a copy of the last termite report on property but you will still have to get these things done before purchase.

And you may want to delete you telephone number from your post. That may not be too safe on the internet.

You could always ask the seller to pay for the report. But as Anita says... it's typically a buyer expense if they choose to have a company do an inspection.

Thank you Anita I just thought I'd ask just in case it was on file somewhere collecting dust.

Monique

Could I ask for the inspection report be part of the concession if I decide to purchase the property?

Monique,

You can ask for concessions at closing. You don't have to be super specific on what they are going to cover. Getting an inspection done is important and it is considered part of the closing costs. Most of the time I ask for 6% back at closing to cover closing costs. Some banks won't go over 3% back. The percentage back is based on purchase price. Call your bank and ask them how much you are allowed at closing to cover closing costs. If you decide not to buy the house after the inspection is done than you will have to pay for the inspection out of your pocket. If the inspector finds some faults with the property and the property is NOT being sold "as is" you have the right to ask the seller to pay for the faults before closing or you are going to walk away from the deal. Always make sure every real estate purchase is contingent on your approval of inspection to give you a legal "out". Good Luck!

"Always make sure every real estate purchase is contingent on your approval of inspection to give you a legal "out".

In the De RE county contract (the one the realtors use) it says that if the inspection reports comes back with MAJOR issues you can ask the owner to fix them. If they do fix them you are locked into that contract. If they do not you can walk. If the issues are not MAJOR you are locked in...no out!

D

What does that mean?? Who determines what is major and what is not?? That has gotta be a lawsuit in the works...

the contract does..it says what is major. HVAC, roof, foundation, plumbing leaks, h/w heater.

D

There is probably an "additional terms and conditions" section.. Just write whatever you want there...

Im assuming electrical as well.....

So all the flooring was completely ruined, that wouldn't be major?

yes the pannel box...and there is an additional terms area and that is for other contingentcies that are not already in the contract.

D

So just write in there: Contingent upon buyer's approval of inspection report.

"So all the flooring was completely ruined, that wouldn't be major?"

what like **** stains (black marks), big scratches, rips in vinyl, rips, stains on carpets.

No, they would be reflected in the offer.

Now, I guess if the floors were buckled up from water damage...I would say yes.

There is already a inspection contingent built into the contract. And it says what I said in the above posts, so adding it in the additional area wouldnt help. If can find an electronic copy of it I will post it

http://www.homespecny.com/docs/walk.html

http://www.homespecny.com/docs/walk.html

http://www.hometraining.com/pro_inspection_forms.html

This is an excellent resource!

HI!!!

First I am new to real estate investing after three years in the mortgage industry. So, I became a Realtor...

As for the Home Inspection uncovering what you haven't seen, a thorough look as a potential buyer should uncover if there are dark stains in the carpeting or other items mentioned above. A home inspector is going to be thorough but I don't agree that if the foundation was off that you need to ask for money back after the inspection. That should of been part of the intitial offer or purchase and sales agreement.

When I sell a home, I write "House is to be sold as-is, no concessions to be made after home inspection."

I did that on the last sale and the buyer wanted $12,000 back, we said no. A few days later he called and said they will still buy the house...

As for the cost of the home inspection, about $400 in Massachusetts, that is the buyers expense. It also gives the buyer an 'out' if they don't like it.

(PS: Do these forums have spell check? I had to re-write this a few times after silly punctuation mishaps!)

they don't, SULLY.

THANKS so much for this helpful form!!!

Anitarny, thanks for the links to estimates. I purchased rehabvaluator for $100 but there is a LITE version that is also great.

http://rehabvaluator.com/tutorials/