Buying a home can be a daunting task. Because, most people only buy a home once every few years (or longer), we wanted to take the time to remind you of the steps involved in buying a home. This way, you can feel like you have some control of this home buying process. We have identified eight steps to buying a home. These are:
2. Find a great real estate consultant.
5. Make a written offer and negotiate the price.
6. Open an escrow account. (Earnest Money)
7. Have a home inspection.
8. Sign the final documents, get the key, and move into your new home.
Step 7, have a home inspection. The purpose of a home inspection is to protect you from buying a home that may have serious hidden structural problems or defects. I have written about this a number of times in the past. Rather than rehash all of the previous posts, I will just link to them here:
Once you have had a home inspection and have worked with the seller to see what you are going to have repaired or replaced, it is time to get ready for step # 8. Prepare to sign the final documents at closing, get the keys to your new home, and move in!_______________________________________________________________________________________________________
Jason Secor & Stephen Wolfe
Exceeding expectations, delivering world-class service, and giving a WOW! experience to buyers, sellers, and residents of the Greater Birmingham Area. www.LivingInBirmingham.com
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Good post. A home inspector will inspect all the major components of the home: Structural, exterior, roofing, plumbing, electrical, heating, air conditioning, interiors, insulation and ventilation, and fireplaces and solid fuel burning appliances.
For more infromation on what should be inspected and what limitations are present, you can view the Standards of Practice of the American Society of Home Inspectors (ASHI) and National Association of Home Inspectors (NAHI), or local state licensing board (if applicable) on the internet at:
www.ashi.org
www.nahi.org
This is a good series you've put together, Stephen. You really do have to keep pounding the importance of an inspection to a buyer. I can't fathom why anyone would bypass such a crucial bit of due dilligence to save a couple hundred bucks, but some do. Very solid advice.
A great series for new buyers. You are right, it is imperative to have an inspections countless dollars have been saved by taking this step.
Joesph, thanks for the links...
Paul, thanks, it really is an important step that shouldn't be overlooked, even on new construction...
Jennifer, not only have dollars been saved but so have buyers.... from a terrible mistake