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According to some sources only 35 to 40% of homes are inspected prior to purchase. Many states now require seller disclosure of known patent or latent defects to the buyer prior to closing. If you are buying real estate comprehensive inspections completed by certified inspectors are a must.
Typical inspections include: wood destroying insect, environmental (radon, asbestos, lead, etc.), mechanical and structural inspections. In general buyers pay for all inspections and sellers pay for repairs. Beware of inspectors who also do repairs or recommend repairman. Also beware of sellers who agree to provide you with already completed inspection reports. I suggest that both the seller and buyer be present at all inspections. All parties will understand what deficiencies exist and what remedies are required. A predetermined dollar limitation for repairs is usually agreed upon by the parties prior to any inspections. Although many new home purchase agreements are void of inspection clauses, a new house may be just as likely to have a deficiency as an older house. Services are available to inspect your new home in various stages of construction. A good source for home inspectors in the United States and Canada is ASHI (American Society of Home Inspectors). Members of ASHI must pass two written technical exams and provide valid proof of completion of at least 250 fee paid home inspections that meet or exceed ASHI standards of practice. To find a home inspector in your area call 800- 743-2744. By following the prompts on a touch tone phone you'll receive a list of inspectors by facsimile in minutes or by mail in less than a week.
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