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RESALE INSPECTIONS
Resale Inspection Facts: 1. Real estate contract specifies time for completing home inspections 2. Many Disclosure Statements are unhelpful, misleading and wrong 3. Sellers can preserve equity by acting on an inspection before selling
Purpose: Determine the overall condition of the house
Reasons to Inspect: Buyers: Make an informed purchasing decision and peace of mind Sellers: Preserve equity by fixing issues before the sale Owners: Understand the current condition of the building
Inspection Focus: Visible health & safety concerns Operation and installation of equipment Structural integrity, utility installation, and storm water drainage
Report Content: Inspection report w/ pictures Three summary reports Key Considerations: subset of findings to support further negotiations All Comments: all findings w/o property report content descriptions Controls, Cleanouts, & Filters: locations of key items in the house
Note: Most findings are routine maintenance to perform when taking possession
Pricing Variables: Heated square feet or number of bathrooms Types of under-floor spaces Travel Time Age of building Building condition (premium for foreclosures, & poor maintenance) Building use Additional inspections: accessory buildings, environmental sampling Number of visits required to complete the inspection
Availability: Need at least 1 hour of daylight to investigate the exterior
Inspection Time: Better part of a half-day, usually 2.5 - 3.5 hours on site
More Information:
Virtual Home Inspection Tour at American Society of Home Inspectors (ASHI) Resources Frequently Asked Questions (FAQs)
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