People buy homes year around, but here in Vermont, we do see a surge of purchasesbetween April and October when the weather is more favorable. As we are about to enter into this year's buying season, I would like to give all buyers out there some important advice- Get a Property Inspection!
A property inspectionoccurs after a contract has been established andthe purchaserhires a third party inspector whowill review many ofthe home'smajor attributes. This inspection is usually conducted within the first twoweeksafter an offer is accepted. In most transactions, this property inspection is written as a contingency, so that the purchasers must be satisfied with the inspection results before proceeding with the transaction.
The inspection may include, but is not limited to: the roof, foundation, heating, plumbing, water, septic, electrical, structural, mechanical, flues & chimneys and other major components together with all appliances included in the sale of the subject property. The inspector may not however do invasive inspections such as drill holes, take off siding or cause damage to the property in any way. A purchaser may choose any inspector he or she wishes as long as the inspector is not related to the purchaser, but as a convenience here is a Partial List of Vermont Inspectors
Occasionally I will have clients or customers that elect not to have a property inspection. In most of these cases, the purchaser is an investor, purchasing a home "AS IS" and will waive a property inspection in lieu of negotiating a more aggressive purchase price. But keep in mind, the property inspection is your only chance to "kick the wheels" of your new home before closing! It's better to find out what's wrong with your new home BEFORE you own it and have no recourse.