The Phoebe Files

Dear Phoebe,

“We’re trying to buy a home. My agent suggested we do inspections for informational purposes only. What does that even mean? What is “as is”? And do I even need a home inspection?” – Joanne K.

Great questions! I’m a direct person Joanne, so I’ll cut to the chase on this answer for you…ABSOLUTELY. You 100% want to do a home inspection. You’re about to buy what is likely your biggest asset. Bring on the professionals. Just like having a Realtor, Attorney and Lender, you want a professional Home Inspector to access the structural integrity of the house you’re about to purchase. To me, this is non-negotiable. So, that’s a big YES for me on needing an inspection.

Let’s dig deeper and answer the rest of your questions.

But first, what’s the purpose of a home inspection?

HOME INSPECTION: A home inspection is to have a professional, licensed inspector (not your Uncle who knows a lot about houses) execute a professional inspection. The Inspector will check the inside and outside of your future home for everything from roof leaks, to the electric to the functionality of the mechanics.

They are not experts in every category and will likely suggest you bring in a specialist if they have concerns, but a Home Inspector will check for safety, mechanical and functional aspects of the home.

Important to Note: be prepared to be a little overwhelmed. Don’t panic. It’s the Inspectors JOB to find areas of improvement. That does not mean the house is not in great shape and is not a good investment. It just means there are things for you to maintain and/or address. The Inspector SHOULD give you a written report with photos afterwards and offer an opportunity to review together.

Ok, so now that we’ve got that covered. Let’s talk “As-Is” and “Informational Purposes”

AS IS: When a Seller notes a house is being sold “As Is” they are simply sharing that they are not willing to address anything that may come up at an inspection. No panicking! Often my Buyers will worry that means the Sellers are hiding something. While that “could” be the case, generally it simply means they priced the house to sell it quickly and/or do not have the desire to address any issues that may come up after the house is under contract.

You can always try to negotiate if something safety, mechanical or functional comes up. You can also always TRY to negotiate with the Seller if it’s a big ticket and/or safety item and see if they are willing to cover the cost to repair. “As Is” simple means you need to be prepared the Seller will likely not fix anything the inspector finds. No need to panic, just go into it with eyes wide open.

INFORMATIONAL PURPOSES: Inspections for informational purposes only baring gross defects is a great option if you are going to inspect the home (that is a big YES) and to assure a Seller that baring anything massive, you’re going to move forward. You can still execute inspections. You can still walk away or choose to move forward, but like “As Is” expect the Seller not to address anything.

What’s a gross defect? That would be a major mechanical, safety or structural issue (i.e., significant amounts of mold, seriously leaking roof, contaminated water, non-functioning boiler or septic etc).

Last tip? Discuss your inspection questions with your Inspector! Review the report and then call and review your questions with them. While your Realtor will be a great resource, the Inspector is the best resource and can help you decide what needs to be addressed now or down the road…what you really need to focus on out of the gate. If you have questions, ask them! Don’t be afraid to reach out and have a conversation.

Have a question for me? I'd love to hear from you. Email me at pschreiner@wpsir.com or ask me a question below – just hit that REPLY button!

Follow me on Instagram @phoebeschreiner for all things Real Estate, New England, Design and Living on The Shoreline.

From My Nest to Yours,

Phoebe

@phoebeschreiner

pschreiner@wpsir.com