Buying a Home
The best way to make sure you choose the right home is to properly prepare, the more prepared you are at the outset the less overwhelming and chaotic the buying process will be. Buying a home will probably be one of your most significant investments in life, both monetarily and emotionally. The purpose of this page is to provide you with detailed information to assist you in making an intelligent and informed decision and result in you being a happy homeowner. Remember, if you have any questions about the process, we're only a phone call or email away!
Inspections are designed to help you understand the overall condition of a property, potentially saving you considerable time with the purchase process and hundreds or thousands of dollars in repairs. At Payne Homes we highly recommend a Standard Home Inspection and CL-100 Termite Inspection even when a home is being sold "as-is".
Standard Home Inspection
A home inspection is an assessment of a home's condition. Home inspections not only identify potential problems, but they can also give buyers information that will help with future upkeep and maintenance. The areas which may be covered include heating and air conditioning (temperature permitting), interior plumbing, electrical systems, roof, attic, visible insulations, floors, windows and doors, appliance condition, foundation and structural components. No house is perfect, if the inspector identifies problems it doesn't mean you should not buy the house. In fact, most reports will probably identify 20 or more repair items on the inspector's summary report. If major problems are found a seller may agree to make repairs or reduce the price. We are currently in a seller's market and lack of inventory, so sellers are less likely to agree to make minor repairs. Payne Homes will use our knowledge and experience to help you navigate the best course of action. Remember that your inspection rights are clearly stated in the Contract For Sale. In some cases, homes can be sold "as-is" even though an inspection may take place.
Reinspection occurs when buyers would like to have the repairs that the seller was required to do prior to closing inspected to ensure the repairs were completed and done in a professional and workmanlike manner while complying with all applicable repair laws/rules.
In South Carolina a Termite inspection is called a CL-100 Infestation Report. The inspector is required to carefully inspect for the presence of termites, other wood destroying insects and fungi. CL stands for "clear letter" an indication there are no current termite infestations or wood decay. Many lenders will require the home buyer to receive a clear CL-100 letter before they will provide financing. If the inspector finds a potential infestation or wood damage, it may not necessarily be a deal breaker. In South Carolina, with our warm and humid climate, most homes in the area that are 10 years old or older have at least a minor amount of damage from wood-destroying insects or fungi. Minor damage from a previous infestation that was treated and remedied should not impact the sale. However, if a current potential problem is found the buyer should have a contractor assess the extent of the damage and the cost to treat and fix. You can also ask the seller to provide a termite bond.
Obtaining the proper inspections for a home prior to purchase is one of the best ways to make a smart purchase decision and protect your investment.
Let Us Help You Find the Right Inspector Today!