By Karim Alaeddine, March 22, 2024
Hey there, I’m Karim Alaeddine, Principal Broker at Living Room Realty.
Congratulations on taking the leap into homeownership! Let’s dive into the process and talk about the nitty-gritty.
Today, we’re talking home inspections.
Home Inspection Contingency
The real estate purchase agreement is a 10+ page document that lays out the terms of the sale. Included is your “home inspection contingency”, a specified period of time for you to bring in a team of pros who will inspect the home and its systems. They’ll dig into every nook & cranny, identifying areas of needed attention or maintenance, pointing out red flags and summarizing the overall condition of the home.
What Are They Inspecting?
Expect them to scrutinize everything from the roof to the foundation, plumbing to HVAC, and beyond. A common inspection schedule might include sewer video scoping, radon testing, underground oil storage tank searching & evaluation. Often, specialists are called in for deeper analysis of electrical panels, attic or crawlspace evaluation, on site drainage mapping, etc.
The Power Of Knowledge
Knowing about any current or impending issues upfront will give you the power to make an informed decision during the rest of the transaction. This will allow you to move forward with confidence, renegotiate terms, or even rethink the whole deal. The advocate entrusted with guiding you through this process, your realtor, will bring their body of experience and context to you and work to create a safe landing for you at closing.
Bottom line: Your home inspection period is there to protect you. So, now is the time when you get to make sure that the home is exactly what you thought it was.
Make A Move
Ready to make a move? Call your agent today. We would love to help you find your next Living Room.
Did You Know?
Ready to level up your home buying knowledge? Delve into our “Did You Know?” series where we unpack essentials of the real estate process. From decoding home inspections to demystifying mortgages, we’re here to make your journey seamless. Explore more insightful tips tailored for your home buying adventure. Let’s make your real estate dreams a reality!
Karim Alaeddine
Principal Broker in OR and Manager of Growth & Development
KARIM ALAEDDINE Licensed Principal Broker Real Estate Life Coach karim@livingroomre.com I grew up in Portland, working in my family’s restaurant (Abou Karim — Portland’s first Lebanese restaurant)...
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- T: 503-309-2290
- karim@livingroomre.com
