Home inspections inform the buyer and the seller about the condition of the home. Many San Fernando Valley sellers pay for a home inspection at the time they put their Sherman Oaks, Encino, Van Nuys or North Hollywood real estate on the market so that they can address any potential issues or problems that potential buyers may be concerned about.
It is a good opportunity for the seller to fix or repair any statutory items that they need to comply with such as strapping their water heater to earthquake code, retrofitting toilets and showers and installing smoke alarms per state codes. If there are other items that the seller or their Realtor think may affect the price of the home or the length of time it may take to sell the home, then the seller may want to make some of those repairs if they are justified and will help get the home sold for maximum dollar and in a short period of time. Or the
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This will avoid any surprises after closing as well.
As Is Condition
Although most San Fernando Valley real estate in sold in an "as is" condition, meaning the seller is not required to make any warranties or repairs, except for statutory items, the buyer still should negotiate an inspection contingency in the purchase contract which gives them the opportunity to conduct an inspection. Bank foreclosures and short sales are always sold in an "as is" condition as well.
The purpose of the home inspection is to determine any problems with the home during the inspection contingency period and to give the buyer the opportunity to go forward with the sale, ask the seller for concessions or repairs or cancel the contract if the inspection reveals major repairs or structural damage to the home.
What is Covered in a Home