When purchasing a property, whether residential or commercial, one of the due diligence line items is to conduct a ‘home inspection’.  In this “Seller’s Market”, many properties are being sold with an up front clause denoting “Sold in As Is Condition”. 

This clause does not preclude the Buyer/s the option to conduct an Inspection.  However, the Seller/s are stating that any inspection items discovered that are in need of correction will not be addressed by the Seller/s to correct. Key is the size of the problem discovered (if any), and the opportunity for the Buyer/s to consider the cost factor to replace (e.g. furnace) or correct (roof at end of life) in the purchase price of the property.

The inspection, whether “as is in current condition”, provides the Buyer/s to conduct a thorough due diligence of the property, if only as knowledge for Buyer/s Beware.  As real estate broker, I provide qualified inspectors to conduct the home inspection.

Side note: if the loan is FHA, the Lender is required to utilize a Inspector that is FHA approved to determine any if any deficiencies.  If any exist, the problem or problems must be corrected prior to closing.  The Inspector will return to the property to determine that the problem has been corrected.  Seller/s or Buyer/s negotiate as to who has to pay for the correction.

To acquaint you with the various aspects of a home inspection, provided below is an extensive list of the subject categories that will be inspected in a thorough inspection of a property:

Key inspection categories include:
– Structural
– Roofing
– Exterior  (siding – drainage)
– Electrical
– Insulation
– Plumbing
– Cooling & Heating  (CO or Gas Leak)
– Interior  (moisture – window types/functionality)
– Appliance
– Deferred Maintenance
– How the inspection will be presented

As a Realtor, I too attend an inspection debrief.  Key items will be reviewed verbally by the inspector, any problems pointed out, and the inspector will provide a detailed Inspection Report, including pictures taken of any issue.  Depending on the level of any discovered problems, an Inspection Resolution will be submitted that will become part of the Loan (if not a cash transaction).

The A-Pro Inspection check list in detail.

Cliff Daniels
Realtor
Active Properties
Boulder Colorado
720 434 1418
cliff@actprop.com