Exterior Inspection
During an exterior inspection, a qualified home inspector will assess various components of the outside of the property to evaluate its condition and identify any potential issues.
1. Siding and Exterior Walls: The inspector will examine the siding material for damage, decay, warping, cracks, or signs of moisture intrusion. They’ll also check for proper installation and any areas where siding may be loose or missing.
2. Roofing: The inspector will visually inspect the roof covering, including shingles, tiles, or other materials, to look for signs of damage, wear, or missing pieces. They’ll check for loose or damaged flashing around chimneys, vents, and skylights, as well as the condition of gutters, downspouts, and roof drainage.
3. Windows and Doors: This involves inspecting windows and exterior doors for proper operation, weather-stripping, seals, and any signs of damage, rot, or decay. The inspector will also check for adequate caulking and weatherproofing to prevent air and water infiltration.
4. Foundation: The inspector will assess the foundation for cracks, settling, or other structural issues that may compromise its integrity. They’ll inspect the visible portions of the foundation walls, as well as the grading and drainage around the perimeter of the home to ensure water is directed away from the foundation.
Home Inspection Contingency : Importance, Clauses & Addendums
A home inspection contingency is a clause included in a real estate contract that allows the buyer to hire a professional home inspector to evaluate the condition of the property before finalizing the purchase. This contingency typically specifies a certain period of time, often around 7-10 days, during which the buyer can conduct inspections and negotiate repairs or credits with the seller based on the inspection findings. If significant issues are discovered during the inspection that the buyer is unwilling to accept or address, they may have the option to withdraw from the contract without penalty, or negotiate with the seller for repairs, credits, or a reduction in the purchase price.
Geeky Takeaways:
- The home inspection contingency provides buyers with a crucial opportunity to assess the condition of the property before committing to the purchase.
- If significant issues are uncovered during the inspection, buyers can use the findings as leverage to negotiate with the seller.
- Typically, the home inspection contingency comes with a specified time frame, often around 7-10 days.
Table of Content
- Importance of Home Inspection Contingency
- What a Home Inspection Covers?
- Exterior Inspection
- Interior Inspection
- Not Covered in a Home Inspection
- After the Home Inspection
- Is Home Inspections Worth the Investment?
- How and When to Waive the Inspection Contingency?
- Conclusion
- Home Inspection Contingency – FAQs
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