What to Expect at the Inspection


For Buyers

Typically an inspection is completed by the buyer within ten days of an offer acceptance. The sooner the better is best for each party.

The inspection is very different from the appraisal. The inspection is all about the condition of the property and is booked and paid for by the Buyer.

The appraisal is all about the value of the property is ordered by the lender and paid for by the Buyer.

A typical inspection will take about 90 minutes. This can vary greatly depending on the size and complexity of the property. The buyer should absolutely attend. If the buyer wants they can have friends and family come along or a professional contractor.

As an agent I always attend the home inspection and will listen to what the inspector has to say. Some agents do not attend inspections.

Buyers should stay focused on the inspector. The inspector will look around the perimeter of the property, the basement, the roof, the systems and the entire living area. Buyers should plan to follow the inspector around the property and be ready to ask questions. Not only is this the time to identify any major expenses this is the time to learn how to take care of your investment. This is an education on how your new home works. Do not get distracted.

The inspector will issue a written report post inspection for the Buyer to review.

For Sellers

You should NOT be at the inspection. You simply want to make sure all areas of the property are readily accessible to the buyer and their inspector. Make sure mechanical rooms are unlocked or keys provided. Arrange to have roof access if necessary. Make sure the systems are either on or easily activated. The inspector is going to move throughout the property so remove any barriers that will slow the process or create a distraction.

Once the inspection is complete the Buyer might have a few questions. At this point however one of three things will happen: 1) The buyer is happy and moves ahead 2) The Buyer is unhappy and will ask for their deposit to be refunded 3) The Buyer will ask for repairs or financial concession which can be negotiated between the two parties.

Contact Stephen

126 Newbury Street, 5th Floor
Boston, MA 02116