Buying a Home in Farmington Hills MI: Home Inspection Tips

Buying a Home in Farmington Hills MI: Home Inspection Tips

 Buying a Home in Farmington Hills MI: Home Inspection Tips

Buying a home in Farmington Hills MI is a lengthy process, and will likely be one of the biggest financial decisions you make in your lifetime. Even if you find a great deal on the cost of a house, there are several other fees that will sneak in such as private mortgage insurance, closing costs, broker fees, etc. 

Hence, you might be tempted to forego the home inspection, especially since it’s one more cost added to the pot. Even if your prospective home looks immaculate, you should still get an inspection because it could potentially save you thousands of dollars and aggravation down the road. 

What You See May not be What You Get

When looking at Farmington Hills MI homes for sale, what you see may not be exactly what you get. Most sellers are going to have their home looking its best for prospective buyers. You may “see” attractive pots of colorful flowers on the front porch, freshly painted walls, attractive granite countertops, gleaming hardwood floors, and other touches that catch your eye. 

What you won’t see are things like cracks in the foundation, antiquated plumbing, dangerous wiring, appliances that don’t work, or other hidden issues that might only get revealed by hiring a professional home inspector.  

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A qualified Farmington Hills home inspector’s job is to assess the condition of the property, including its heating and cooling systems, plumbing, electrical work, water and sewage, and some fire and safety issues. The inspector will also look for evidence of insect, water, or fire damage or any other issue that may affect the value of the property. 

When The Home Inspection is Done

Typically, a home inspection is done after a sales contract or purchase agreement between the buyer and a seller has been signed. Therefore, it’s important that the contract include an inspection contingency or due diligence contingency, which allows the buyer time to find an inspector, schedule and attend the inspection, receive the inspector’s report, and decide how to proceed based on the information it includes. 

It’s a good idea to choose a home inspector early in the home buying process so you can schedule your inspection as soon as a seller accepts your offer. Good inspectors can be in high-demand, especially in the springtime when the majority of homes are sold. 

You should also budget for additional examinations in case the inspector finds problems or mentions issues that need further investigation, such as mold,  asbestos, or additions made without a permit. Whether the seller will give you more time to complete additional inspections is subject to negotiation. It’s up to the seller to agree or not.  

Preparing A Home Inspection Checklist  

You can prepare for the home inspection by making a list of the areas of the house you want to be checked before the inspector arrives. The following items should be included on your checklist:

  • Foundation
  • Roof
  • Attic space
  • Rain gutters and downspouts
  • Exterior stucco or paint
  • Electrical panel, light switches, and power outlets
  • Thermostats and heating, cooling, and ventilation (HVAC) system
  • Plumbing fixtures, faucets, and water heater
  • Appliances
  • Walls, ceilings, and floors
  • Doors and windows
  • Stairs, steps, and railings
  • Walkways and driveways
  • Porches and balconies
  • Basement
  • Garage

A professional Farmington Hills MI home inspection will likely take at least a few hours, and it’s a good idea to be present during the inspection if you can. That way you can find out as much as possible about the true condition of the home and ask the inspector about any findings that might concern you.

Additional Items To Consider

Keep in mind that since home inspectors are mainly concerned with the physical components of the property, there may be items about the home that are left out of the inspection, such as trees and landscaping, lawn sprinklers, sewer line, fireplace and chimney, swimming pool equipment, floors covered by carpeting, drainage, mice, rats, or other rodents, and wood pests such as termites or carpenter ants.

Inspectors typically won’t estimate repair costs, the remaining life of appliances, or other systems for you. If you are concerned about particular items, you may need to get your own repair and replacement bids from local contractors.   

Home Inspection Assessment

Depending on the inspection report, you may decide to proceed with the sale, schedule additional inspections, renegotiate the sale price with the seller (if there are serious issues), ask that certain repairs be made, or cancel the contract altogether. If you request major repairs, you may also ask for a re-inspection with the original inspector to verify that the original issue(s) has been resolved. 

Takeaway

Since the Farmington Hills home you buy will probably be one of the biggest, most valuable purchases you will ever make, a professional home inspection will help ensure that you’re making the right home purchase decision and a sound investment. 

Partner with Top-rated Farmington Hills MI REALTOR® -Tom Gilliam

2020 Best of Farmington Hills REALTOR - Tom GilliamWhether you are interested in buying a home in Farmington Hills, MI, or its time to list your current property, experience matters most in a changing market.

With over 20 years of local experience, Farmington Hills REALTOR® – Tom Gilliam offers in-depth local market knowledge and access to the most up-to-date listings.

Known for his professionalism and care for every detail, Tom is an expert at uncovering the perfect home for his clients’ lifestyle needs in the right Farmington Hills neighborhood or community.

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For sellers, Tom will create a comprehensive marketing plan that exposes your home to the public as well as to other real estate agents through the Multiple Listing Service (MLS), other cooperative marketing networks, open houses for agents, and so on.

Your listing will appear on all the most popular real estate sites where buyers spend hours a day looking at homes such as Realtor.com, Zillow, Trulia, REMAX, Redfin, and dozens of others. Your property will also be featured on Tom’s own highly-trafficked website Homes2moveyou.com. You can be assured that your home will get sold quickly and for the highest market price.  

Tom works very hard for his clients. He will protect your interests, advocate for you, and be your trusted guide and advisor throughout the home buying or selling process. If you or someone you know is interested in Farmington Hills MI real estate, please give Tom a call today at (248) 790-5594 or you can reach him here.

Tom Gilliam, REALTOR®
RE/MAX Classic
29630 Orchard Lake Rd.
Farmington Hills 48334
Direct: 248-790-5594
Office: 248-737-6800
Email: Tom @ Homes2MoveYou.com
License #314578

Home Inspection Negotiations For Farmington Hills Michigan Property Purchases

Home Inspection Negotiations For Farmington Hills Michigan Property Purchases

Home Inspection Negotiations For Farmington Hills Michigan Property Purchases

Sellers are not required to fix issues discovered in a property inspection. There is a process of negotiation. You should be aware beforehand that inspections normally detail issues plus additional tips by the inspector for improvements that can be made. Consider the issues rather than the improvements since it is unfair to demand upgrades. If that were done, the value of the home would be greater. tips on home inspection negotiations for Farmington Hills Michigan property purchases is provided below.

What to Negotiate

Buyers should look through the list of defects and identify which items are critical, keeping in mind a strategical approach. It is often best to pick your battles. If there are a couple of significant defects and several minor ones, it may be more effective to simply ask the major ones. In cases where there is an extensive amount of moderate problems, perhaps asking for the most expensive ones will be smarter than submitting an extremely full list.

What Can Result from Negotiations

Sellers have a few alternatives…

  • Agree to repair everything on your list prior to closing.
  • Agree to address a few of the items before closing.
  • Offer to provide a credit to the buyer (via money towards closing costs or a reduction in price). The buyer becomes responsible for repairs.
  • Refuse to do anything.

The negotiation may continue many times until both buyer and seller are in agreement. In certain circumstances, agreement may not be reached at all. If both parties remain on cordial terms, both can be more willing during the negotiation discussions. Whereas if any one feels taken advantage of, agreement may be unlikely.

Tips On Home Inspection Negotiations For Farmington Hills Michigan Property Purchases

Negotiation strategies should be discussed with your real estate agent and should consider the specific situation. Remember that inspection results detail both defects and recommendations and that attempting to negotiate improvements is rarely successful. Inspections should not be a way to renegotiate purchase price but rather to resolve big problems that were not disclosed. Respecting this process will lead to more desirable outcomes. The above Tips On Home Inspection Negotiations For Farmington Hills Michigan Property Purchases was prepared by Tom Gilliam at RE/MAX Classic. Contact Tom for more assistance on negotiating property inspections and other critical steps in the home purchase process.

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Farmington Hills Michigan Real Estate Inspection Tips For Buyers And Sellers

Farmington Hills Michigan Real Estate Inspection Tips For Buyers And Sellers

A home inspection is an assessment of the building and all mechanical elements by a licensed professional. It normally includes a review of each visible aspect of the interior and exterior of a house. A certified Farmington Hills Michigan Real Estate Inspection Tipshome inspector has inspected many properties and is therefore familiar with all the features of home construction, utility systems, and how they all should function. Even a handy home buyer may not have the in depth knowledge of an experienced inspector. Farmington Hills Michigan real estate inspection tips for buyers and sellers can be found in this blog.

Farmington Hills Michigan Real Estate Inspection Tips

Buyer Tips

Property buying is a large investment that you should not enter into without in-depth knowledge. An inspection identifies the condition of a piece of real estate and needed repairs. You may realize that most problems are acceptable and can be easily fixed, while others may tell you not to purchase a specific property. Alternatively, an inspection can also confirm that a home is in perfect condition. Good or bad, having this important knowledge will help you make better real estate purchase decisions. A buyer broker will guide you on how to best negotiate results.

Home Owner Tips

Home sellers may complete property inspections prior to marketing a home for sale to address important repairs. A repaired home may sell more quickly than one that is not. If you choose not to repair the problems revealed, be aware that you must disclose any known defects to potential home buyers. This is not actually a bad thing because buyers would at some point find them after their own inspection and would probably ask for concessions. By providing the details in advance, buyers can take it into account when submitting a bid, minimizing the potential added expense of addressing it later in the sale process.

Costs and Inspector Background

The fee for an inspection normally depends on the size of a home. Extra fees may be charged for testing of things such as water quality. Fees can also vary depending on the experience of the inspector. Review the qualifications of an inspector based on training, experience, and professional affiliations. In the end, an inspection is important taking into account the large financial commitment of purchasing a property. For additional advice on Farmington Hills Michigan real estate inspection tips and tips for home buyers and sellers, contact Tom Gilliam at RE/MAX Classic by calling 248-790-5594 or emailing [email protected]

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