The Inspection Process
During this period, we'll want to make sure that all the contingencies in the
Purchase Agreement are being met. Legislation mandates, under Civil Code 1102,
that the seller has the responsibility to reveal the true condition of the property
on a Disclosure Statement. This may help determine what kind of
property inspections you feel are desired or necessary. We will help you arrange
for these.
Pest Control Inspection
It is, for example, commonly required to have a termite report completed by a
licensed inspector with the inspection and the ensuing repair work paid for by
the seller. Most termite reports classify conditions as Section I or Section II.
Section I Conditions
Section I conditions are those currently causing damage to the property. These
conditions generally need to be corrected before a lender will make a loan on
a home.
Section II Conditions
Section II conditions are those not currently causing damage but which are likely
to, if left unattended.
Who Pays?
Your Purchase Agreement will specify who is responsible for the costs of inspections
and for making any corrections or repairs. It is negotiable between the parties
and should be considered carefully. We will advise you what is customary and prudent.
Home Inspection
For greater peace of mind you might also want to have the property more thoroughly
inspected. We strongly urge you to do this and you want to choose a well-qualified
Home Inspector for this inspection. This inspection is your cost. The amount varies
from inspector to inspector. When interviewing them, ask lots of questions and
decide not on who is the cheapest but rather who you feel will do the best job.
The home inspection covers items such as exterior siding, paint, flooring, appliances,
water heater, furnace, electrical service, plumbing, and other visible features
of the property. This is general inspection. You have the right for additional
inspections by roofing, geological or structural engineers if you choose to. Once
again, these inspections are typically paid for by you, the buyer.
Home Warranty
Home protection plans may provide additional protection of certain systems and
appliances in your new home. We will provide you with brochures about the companies
offering these plans.