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A buyer may cancel a transaction after a home inspection! It may be tempting to blame overzealous a home inspector when a transaction falls apart after the inspection of some houses.
But there’s more to that situation than meets the eye.
Estate professionals know there are many ways that deals can fall apart, from credit, financing, appraisals to plain cold feet. But certainly, one of the more common deal killers is the home inspection.
But it doesn’t have to be!
Houses and Home Inspectors Do Not Kill Deals
Four home inspection situations lead to a cancelled transaction. Two things which are not on this list are the house and the home inspector. Some estate agents blame the home or the home inspector. However, let’s consider what happens in these situations.
Problems are caused when the home inspection report significantly alters the buyer’s expectations about what they thought they were buying. The client may say, “Gee, I thought I was buying a well-maintained home, but now that we have looked closely, I see the house requires a lot more maintenance than we expected”.
Therefore, the cancellation has everything to do with the client’s expectations coming into the inspection! Agents may wish that the home inspector had been less forthcoming about the condition of the house but this is not the solution! The solution to this problem is buyers having more realistic expectations before they sign the contract. My website and blog attempt to teach people skills that will help them look at houses and evaluate risk so they are more prepared to make an offer on the right house.
Here are the top four reasons buyers cancel a deal after the inspection.
1) Unprepared buyers
There are no classes in university or high school to teach people how houses work or where the risk lies in a residential building. Even professional estate agents have little or no training to help them understand how to look at houses and identify issues. A new generation of homebuyers, many of whom who did not grow up working on their houses with their parents, compounds this problem.
A Critical Home Inspection and report include the really important parts of the home! It is a “Safe Home” inspection.
With a Critical Inspection, I focus and report on the critical components of a home which are the roof, structure (inside and outside), windows and doors, and electricity and plumbing installations.
This inspection is an ideal inspection for both home buyers and sellers! The inspection is for those clients who do not require the full Buyers or Sellers Home Inspection.
Therefore, a Critical Inspection is ideal if you only require inspection of the major components of the home. Besides, a Critical Home Inspection is more affordable! My fee for a Critical Home Inspection report is about ¾ of that for the Home Buyers or Sellers Inspection.
A Critical Inspection includes
A Critical Inspection includes issues which are frequently NOT plainly obvious to any observant layman.
These include structural cracks in walls, ceilings and floors. Issues such as all damp, roof leaks, illegal or unsafe geysers, windows and door issues. However, I only inspect the internal wall, floor and ceiling finish for signs of damp or staining from moisture intrusion.
Unsafe electrical and gas installations are also part of the inspection. This means stoves and other built-in appliances are included in your report. In addition, I also report surface drainage, vegetation and foliage issues which may affect the structure and roof adversely.
A Critical Inspection includes unsafe, functional or structural issues which, in my opinion, requires prompt remedial attention. Furthermore, remedial action is required to preserve the safety, functional or structural integrity of the home or major installation.
It does not include
Other external elements such as boundary and yard walls, the site, swimming pools, driveways, wall, ceiling and floor finishes, walkways, garden sheds etc. do not form part of the critical inspection. I only inspect BIC’s, sink and kitchen cupboards and counters for moisture intrusion.
Imagine what could go wrong with your home purchase! Houses are made up of hundreds of different parts and materials from a nail to a roof tile and much, much more!
New or used, the home purchase will most likely be one of the biggest investments you’ll ever make! Therefore, with this type of investment, it only makes sense to have a professional home inspection done beforehand.
If you’re thinking, “Why do I need to spend the time and money on a home inspection?”
My question to you is “Why take any unnecessary chances with your hard-earned money?
Protecting your home purchase
An inspection and report will give you a clear, concise picture of the important components and systems of the home. Therefore, you can make an informed decision on the purchase of the home. In doing so, you avoid buying a new home only to spend thousands of rand on unexpected or unforeseen problems.
My thorough, impartial inspection will let you identify any minor or major repairs or maintenance issues. Furthermore, the inspection report is a valuable tool in the bargaining stage to address any issues before finalising your home purchase.
Moreover, you will have a highly trained, experienced and dedicated professional on your side. My report will help you make the right decision with your property purchase.
Don’t make the mistake so many other home buyers are making over and over again!
Protect your investment by having a home inspection!
Damaged boundary walls around your property can spoil the whole look and feel of your property. Furthermore, cracked and leaning walls can also pose a danger to passers-by should the wall fall over.
This article explains the correct wayto repair boundary walls and install expansion joints!
Firstly, if your walls have ugly cracks and broken plasterwork and brickwork at the expansion joints do not plaster them up as shown in the photos below!
Furthermore, the work done on these boundary walls will result in more cracking in the walls!
Many boundary walls and retaining walls may fail prematurely due to the lack of provision for movement. However, this is usually not a fault in the materials used, but usually a lack of proper design. Even when the design is correct, the construction of the boundary wall and expansion joints are often faulty.
What is an expansion joint?
It is a separation between two portions of the same structure. A butt joint in a boundary wall is not an expansion joint!
Expansion joints in boundary walls
When building a boundary wall, an expansion joint is a separation designed to relieve stress on building materials caused by movement induced by thermal expansion and contraction. They are therefore specifically provided in boundary walls to avoid cracks occurring in the wall.
Temperature changes and seasonal changes mostly cause the movement in the boundary walls. However, expansion joints also permit movement due to ground settlement, seismic events and expansive soils.