Home inspections are a significant part of the home buying process. They enable buyers to understand the condition of the property they are purchasing, and identify potential issues that may require repair or renovation. There are three main types of home inspections: For Sale by Owner, Standard Home Inspection, and Four Point Home Inspection.
A For Sale By Owner (FSBO) inspection is conducted when a property owner decides to sell their house without hiring a real estate agent. This type of inspection is typically completed by the homeowner themselves or a professional home inspector they hire. It allows the owner to identify any potential issues that may affect the sale price or condition of the property. The results from this inspection can be used to make necessary repairs, set a fair sale price, and provide full disclosure to potential buyers.
A Standard Home Inspection, on the other hand, is typically conducted by a certified home inspector who is hired by the potential buyer once an offer has been made on a property. This type of inspection includes a comprehensive review of the home’s structure, systems, and components. This includes checking the plumbing, electrical systems, roof, HVAC system, windows and doors, foundation, and more. The goal is to identify any defects or potential problems that could lead to significant future expenses for the buyer.
Lastly, a Four Point Home Inspection is a more focused type of inspection that typically covers four main areas of the property: roof, electrical system, plumbing system, and HVAC system. This type of inspection is often required by insurance companies for older homes to ensure these key systems are in good working order and don’t pose a significant risk.
Each type of home inspection serves a distinct purpose and provides valuable information about the condition of a property. Regardless of which type of home inspection is conducted, it’s crucial for all parties involved in a real estate transaction to understand what the inspection covers and how the findings may impact the sale or purchase of a property.