A big part of the home-buying process is getting a home inspection! As your local real estate agent in Knoxville, Wright Realty is happy to walk you through every aspect of purchasing your home so that you have a better understanding of why each part of the process is necessary. We can also connect you with trusted professionals, including home inspectors. It's all part of our wholistic approach to real estate. With that in mind, let's look at what a home inspection is and what your local real estate agent in Knoxville wants you to know about them!
What Is a Home Inspection?
A home inspection involves bringing in a qualified professional to inspect the property that you are interested in buying and making a report on its overall condition. This will include checking the heating and cooling system, plumbing, electrics, water, sewage, structural damage, and safety issues. They will also note any evidence of water, fire, or pest damage that could impact your home's value. The buyer is responsible for arranging for a home inspection, and they are expected to cover the cost. The home inspection is an excellent way for buyers to make sure that you don't get any nasty surprises after buying the home and discovering repairs that were not immediately obvious at the time. Based on the home inspection report findings, you may want to discuss your options with your local real estate agent in Knoxville and either continue with the purchase, renegotiate the sale price, request that the seller makes repairs, or withdraw your offer and look for a different property.
Choosing a Home Inspector
The first step is choosing someone to carry out your home inspection. If you have never purchased a home before or are new to the area, then you might not be sure where to start. You can check out places like Angi or ask friends or colleagues for their recommendations. However, one of the best people to make a recommendation is going to be your local real estate agent in Knoxville. They have intimate knowledge of the local real estate market and experience working with the home inspectors working in the area. At Wright Realty, we have developed a network of local professionals in all areas of the real estate industry, including home inspectors. We are happy to recommend trusted inspectors we have worked with to help you make the right choice.
Scheduling Your Home Inspection
Once you have picked which home inspector you will be working with, your next step is going to be scheduling the inspection. This should happen soon after your offer has been accepted. You will need to work with the seller to find a convenient time that works for them and the inspector, but it should be within around ten days of them accepting your offer. Your local real estate agent in Knoxville can help you to schedule the inspection. It is usual to include a contingency in your offer that will allow you to amend or withdraw your offer based on the results of your home inspection.
What to Expect on The Day of The Inspection
When the scheduled day rolls around, you may wonder what to expect. You will accompany your home inspector as they walk through the property making detailed observations to make sure that everything is safe and working correctly. This includes checking safety and building code compliance, structural components like the roof and the foundations, plumbing, electrical, Pest infestations, and mechanical components like HVAC systems.
Reviewing Your Inspection Report
After completing the home inspection, your inspector will produce a report for you to review. This should outline any minor issues as well as more significant things that you should address with the seller before proceeding with the sale. Your local real estate agent in Knoxville can help you review the report and decide on the best course of action. If extensive repairs are needed, you can ask the seller to make those repairs or ask for a reduction in the price you pay for the property. If an agreement cannot be reached, you may instead choose to walk away from the sale.
This should give you a better understanding of what a home inspection involves and why it is such an important part of the home-buying process. If you have any other questions about home inspections or including contingencies in your offer, your local estate agent in Knoxville should be able to answer them for you.
Wright Realty is a full-service real estate concierge with a wholistic approach to buying and selling property in East Tennessee. We are your trusted advisor and keep open communication throughout your entire buying/selling process. Real Estate done "Wright" means more than just a 'transaction'.
Finding Your Property the "Wright" Way!
Visit www.realtydonewright.com or call 865-556-8599