Sometimes it’s the only rule. Example: A seller who sells a house in Massachusetts is not legally obligated to inform you about lead paint and septic systems.
(Some states expect sellers to be a little more forthcoming. You can view a list of state disclosure laws.
Sellers have to answer all your questions truthfully. This is dependent on you being able to identify the right questions. You’re responsible for showing the seller that you discovered an issue after purchasing.
What is the best way to respond to the caveat? It’s the home inspection. This tool will help you make informed, fact-based decisions about the house the seller wants you to move into mentally.
What’s a home inspection?
A home inspection in cambridge on will evaluate your home’s structure, property and major systems. It also includes any appliances that may be sold.
When is a home inspection done?
After you have agreed on a price, most buyers stipulate that an offer must be made subject to the house passing inspection.
Who is qualified to perform a home inspection
Working with an inspector who has attained certification through at least one is strongly recommended. Make sure that the company is insured and bonded. Ask for recommendations and to discuss the options with your agent. They are familiar with the local professionals and know their reputation is based on referrals from satisfied clients. They are motivated to help you find the right path.
What is the cost of a home inspection?
The U.S. Department of Housing and Urban Development estimates that $300 to $500 is the average price in high-end markets such as Boston, Seattle and San Francisco. However, you can safely estimate higher. It seems that $500, or even $1000, to secure an investment of hundreds and thousands of dollars seems like a good deal.
Who pays for the inspection of your home?
The buyer’s agent arranges for the inspection and coordinates with the seller’s agent to schedule it. Buyers are responsible for paying the inspection costs.
How long does the inspection take?
The inspection usually takes between three and four hours. However, it can take longer.
Who comes to the inspection?
- The home inspector
- You
- The agent for the seller
What’s the inspector looking at?
The roof, gutters and flashing around the chimney are examined. From there, the inspector will inspect the siding and each window frame. Finally, the inspection will examine the electrical, heating/cooling and plumbing systems. Outside, inspect grading, drainage, exterior structures and downspout locations; the soundness and stability of decks and stairs; and the basement and mechanicals. The inspector can also check for pests (like termites).
What happens next?
You will receive a copy within 48 hours, sometimes within one day.
The agent will guide you through the process, and then you can begin to negotiate with the seller about which issues they will address. They might offer repairs, promise credit or lower the price, or they may insist on a take-it-or-leave attitude.
