Common Inspections Explained
Conducting inspections before purchasing a property is a critical step in the home buying process. These inspections provide an unbiased evaluation of land being purchased, the home’s physical condition, the quality of the water and highlight the cost of any necessary repairs. Here’s a summary of the most common forms of inspections available to a buyer when considering the purchase of a home:
Well and Septic Inspection (If No City Water and Sewer)
Inspection is performed by the Health Department of the county where the property is located or by a licensed third party professional. An inspection will test integrity of the well, water quality, septic system, and drain field. Some counties require a well and septic inspection before a property may be transferred. Regardless of this requirement, the inspection is vital to the health and safety of the buyer.
Comprehensive Home Inspection (Commonly Referred to as a “5 Point Inspection”)
- Inspection is conducted onsite by a professional that will inspect the foundation, walls, roof, electrical system, furnace and air conditioner, large appliances, exterior components rooms, and attic. A comprehensive report will be provided to the buyer identifying any issues or defects found. The buyer should carefully review the inspection report and determine whether to move forward with the transaction.
Survey (Boundary Survey with Improvements)
A survey is one of the most important inspection items a buyer can obtain. A boundary survey with improvements will identify the boundary lines of the property, all improvements constructed on the property, fence lines, utility or other easements, access to the property, and any encroachments from adjacent landowners. A survey will also allow us to issue an owner’s title insurance policy without standard exceptions making the coverage stronger for the buyer. If parties would like fees associated with inspection to be paid at closing, Sun Title need invoices in advance.
Seller’s Obligations During the Inspection Period
- Seller must accommodate buyer and hired professionals to conduct inspections. Seller has a right to attend inspections and coordinate the best date and time to meet inspector(s) onsite.
- If the property is serviced by a well and/or septic system, seller will need to coordinate and pay for that inspection. The Department of Health in the county where the property is located will be able to advise the seller on the timing, cost and requirements for each inspection.
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