OK, great you’ve been pre-approved for a loan and now have gone out and looked at a few San Diego Condos or homes and found one you would like to make an offer on.
Your Realtor is there to guide you through the process and write the offer on your behalf, using the standard RPA-CA Purchase Agreement.
This agreement includes a clause giving the Buyer the right to perform a physical home inspection using a professional home inspector. These home inspections are paid by the buyer and can run anywhere from 300 to 500 dollars or more depending on the square footage of the home being inspected. Usually it is recommended that the Buyer be present during the inspection so that he can see first hand what, if any, problems exist, ask questions and get a good take on the condition of the home.
Some of the Items the Home Inspector will be looking at:
* Roof condition
* Water heater
* Plumbing (Checking for leaks)
* Appliances (stove, oven, microwave, fridge)
* Safety issues and code violations
* Garage door openers
They even test the doorbell!
You will receive a full written report based upon the information discovered in the inspection. The Buyer has a right to ask for repairs, request a credit to be paid through escrow in lieu of repairs or cancel the agreement or take other action. Remember, in most cases, you are not buying a brand new home, so the Seller may not be inclined to repair everything that you’ve requested. Also, if you are buying a short sale or REO, there might not be any money for repairs.
The Home Inspection is designed to protect the buyer from unknown conditions and give piece of mind that you are buying a home without any major structural defects