Inspecting Oxford MS Condo: helping buyers know what they are buying
Inspecting Oxford MS Condo: helping buyers know what they are buyingA home inspection is an assessment of the home’s current condition. Inspecting Oxford MS condo is common even if the buyer is not financing. The home inspection identifies problems with houses and condos and give buyers knowledge of the pertinent issues. Home inspections in Oxford are seldomly, if ever waived. It is all part of the due diligence process for buyers. Buyers investing in a property want to know what are the physical conditions of the unit. If you are a seller, you may have spent weeks and even months repairing everything in sight and the anxiety leading to a perfect home inspection is looming large.
The reality is that almost every home inspection will cite some non-cosmetic issues. Let’s break down the report.
Suggestions vs. Recommended Repairs vs. Monitoring
Typically, a home inspection has three types of results. The suggested repairs is a recommended repair ideas. Conversely, a buyer should pay heed to a recommended repairs. The recommended repairs are more critical in nature and need to be addressed either by the buyer or the seller. Finally, a third classification will be cited for items to be monitored.
If the seller has any history of items repaired, it can go a long way to ease buyer concern. Moreover, a seller should disclose all repaired items in the property condition disclosure or as an addendum.
Interior vs. Exterior repairs
In the market of townhouses or condos, the distinction between interior vs. exterior repairs can mean a tremendous distinction for buyers and sellers. The interior repairs are items cited occur within the studs of the property. Therefore, exterior repairs are external to the property (i.e. studs out) and exclude A/C or electrical.
When inspecting Oxford MS Condo the HOA/COA covers outside repairs (most of the time)
In many Home Owner’s Associations (HOA) and Condominium Owner’s Associations (COA), the external items will be part of the external insurance portion of the HOA/COA assessment. That means, the seller will only need to be responsible for internal repairs. The seller needs to get in touch with the HOA/COA and request to have the cited items repaired.
Home inspections are inevitable for condos and townhomes. HOA/COA usually cover external repairs, making the negotiation for repairs pretty simple and not costly.