Buying your own home can feel rushed, especially with today’s market. Not only do you have to look for the right property, but you also have to check it for any hidden problems.
Many buyers are skipping a home inspection to get ahead in today’s competitive market. According to data from real estate brokerage Redfin, 20% of winning buyers waived their right to an inspection in June. That’s up 13% from a year earlier.
Removing the inspection contingency means that a buyer will not ask for repairs. It’s also one less reason that a deal can fall through. If you have bypassed a home inspection, read on to learn more.
What Is a Home Inspection?
A home inspection is an examination of a property’s condition and safety. It allows buyers and sellers alike to discover defects or damage that could affect the property’s value. In other words, a home inspection is a safety net that prevents hidden problems from being discovered by potential buyers. As a result, home inspections are a must.
Here’s What You May Have Missed
Without a home inspection, there are some major things you will want to inspect in your new home. From roof issues to mold, the following are just a few of the things that you should look out for:
You will want to mostly look for roof damage and poor installation. Focus on problems that could allow water to infiltrate, such as loose or missing shingles and faulty gutters. It may require a professional to find the more hidden issues such as termite damage, mold, and water contamination. Without a trained professional these can sometimes go unnoticed.
Just like the roof, you will want to check the walls visually, to find cosmetic damage. However, that leaves the wall’s interior unattended, making it prone to a variety of problems. And just like the roof, walls are prone to termite damage, water infiltration, and, worst of all, mold. With a professional mold inspection, they commonly use a Flir gun as a way to inspect the home for mold. This scans for moisture and mold inside the walls.
Take a look at the panel signs of overheating or previous fire. If the panel has black burn residue you will want to consult with an electrician to resolve the electrical issue. So we advise you to contact a local electrician if you see any signs of damage.
All in all, in today’s market people looking to buy a home, are sometimes offering tens of thousands of dollars over the listing price – and are still being rejected because they want a home inspection. If you bypassed a home inspection to ensure you got the home you wanted in this red hot market, contact Mold Solutions to inspect for mold and remediate if mold is found.