Everyone’s heard about home inspections – they are an important element of real-estate purchases. Still, many people aren’t sure whether they should get one or fear what an expert investigation into the property’s state could uncover.

This is all due to common misconceptions that stem from not understanding the procedure to the fullest. In the following article, we’ll discuss what your home inspector in Chula Vista really can and can’t do and help you get a better grasp of the scope and benefits of home inspections. Read on!

What are some home inspection myths?

Here are some of the most common home inspection myths that need debunking:

 

1. Home inspection is the same as a home appraisal

Sometimes the concepts of home appraisal and home inspection get mixed up. However, they are not the same. A home appraisal is meant to estimate the property’s value, while a home inspection assesses its condition and whether it’s move-in-ready or needs repairing. However, you can use the inspection report as a basis to predict repair costs and investments and get a better understanding of the property’s true market value.

2. You can fail a home inspection

Home inspections are expert opinions about the condition of the property being examined. They do not give failing or passing grades. Instead, they assess whether or not the home is safe and check whether everything is according to laws and regulations. However, it’s up to the buyer and seller to judge whether the recommended repairs are worth the investment and decide whether or not to proceed with the purchase.

3. Buyers don’t need to be present during the inspection

Being present during a home inspection is highly recommended. It gives buyers the opportunity to ask their inspector everything they need to know about the property’s condition. Plus, they can ask the inspector for maintenance tips to help them in the long run.

4. Home inspectors help you negotiate prices

Home inspectors are not involved in the negotiation process. They provide you with an inspection report and can give you general guidelines to help you predict future investments. However, to get accurate repair price predictions, you’ll need to further investigate on your own. The terms for negotiation are defined by the contingency clauses in the buyer’s offer and are up to buyers and sellers to work out.

5. Newly constructed and flipped homes don’t need to be inspected

Although many people expect that brand new or recently repaired homes are in top condition, this doesn’t have to be the case. Home inspections often reveal major underlying concerns and issues even in such properties. For example, they can uncover deal-breaking foundation issues undetectable to the untrained eye.

6. An inspection can detect everything that’s wrong with the home

Although an expert inspection is a standardized procedure, it’s important to understand its limitations. How precise the report will be depends on the type of inspection you decide to get.

Specialized inspections, like thermal imaging, can detect hidden issues that verbal walk-throughs can’t. For example, a RecallCheck is about checking electrical appliances for functioning issues, and so on.

However, home inspections are essentially non-invasive visual assessments, and certain areas of the property can be inaccessible to your inspector. Therefore, such areas are listed as inaccessible in the final report.

Where can I find an experienced home inspector in Chula Vista & the vicinity?

If you’re in the process of purchasing a home near Rancho Del Rey Middle School, or anywhere else in Chula Vista’s residential area, don’t hesitate to contact The Inspectors Company to help you make an informed decision.

All of our inspectors are InterNACHI licensed and certified specialists with years of experience in the field. We offer a full scope of residential and commercial building inspections tailored to suit your needs. Give us a call today!

Generally, contingency clauses are added to real-estate purchase contracts to ensure certain conditions are met before the contract becomes binding. A home inspection contingency allows the buyer to walk away from a purchase penalty free, in case a home inspection reveals defects the buyer is not willing to accept.

So, if you are buying or selling a home in Chula Vista, or anywhere else in the area of San Diego, and you’d like to find out more about how home inspection contingency works, we’ve compiled a short guide to give you a more detailed insight into the matter. Keep reading to learn more!

How does home inspection contingency work?

Home inspection contingency clauses are the conditions listed in the buyer’s offer and are meant to protect the buyer’s interests. They’re not a mandatory part of purchase contracts, and sellers can refuse offers that contain them. Still, they are highly beneficial and should not be waived easily.

Essentially, adding a home inspection contingency clause to the offer means that, as a buyer, you have the right to withdraw from the purchase without penalty and get your deposit back if the home inspection doesn’t provide satisfactory results.

Moreover, most home inspection contingencies provide the buyer with the tools for negotiation. Based on the results of a home inspection, buyers can renegotiate the property’s price or ask the seller to make repairs before the deal is sealed.

What does it mean to remove the inspection contingency?

Removing the inspection contingency means that the terms of the contract have been met and that the purchase can proceed to a successful close.

Once the inspection has been completed and the buyer feels that certain repairs need to be made, they can use the inspection report and negotiate the repairs with the seller to see which ones they are willing to make.

If the condition of the home is to the buyer’s satisfaction and all repair requests have been negotiated, the buyer fills a contingency removal form and submits it to the seller to show that they’re willing to go forward with the purchase.

How long does inspection contingency take?

All contingency clauses have a removal date. This means that there’s a limited timeframe within which the buyer can act upon the inspection report and make a decision whether or not to proceed with the purchase.

If the deadline for negotiations and repairs is not met and the contingency removal is not signed, the contract can be declared null, and the buyer can lose their claim on the home. Therefore, it’s very important for the buyer to be ahead of the deadline and schedule the home inspection as soon as possible.

In California, the default contingency period is set for 17 days, although it can be shortened or waived to make an offer stand out in a multiple-offer scenario. Waiving the contingency clause means the buyer commits to purchase the home as-is.

Where in Chula Vista can I get a first-rate home inspection?

If you’re buying a home in East Chula Vista, or anywhere else in the vicinity, and you need the services of an InterNACHI certified inspector, The Inspectors Company is the go-to company for you.

Whether the property you’re purchasing needs a professional foundation examination, or a thorough household appliances check-up, our trained and dedicated inspectors can help. We provide a full scope of residential inspection services tailored to meet all of your specific needs.

At The Inspectors Company, you can get mold and thermal imaging inspections, mobile home inspections, commercial building inspections, verbal home inspections, and more. We can answer all of your questions and concerns and debunk common misconceptions about home inspections. Don’t hesitate to give us a call today!