As a buyer, if you so chose, you are responsible for hiring and paying for a home inspection .
Several inspections are common in New Jersey residential real estate transactions. They include:
- inspections for termites and wood-boring insects
- a radon inspection
- mechanical and structural inspection.
In certain instances, there may be other more specialized inspections which might have to be performed.
(Most inspection companies offer the standard inspections in a package for one price)
The inspection report will detail if repairs and/or replacements are necessary to be performed immediately, and make you aware of those which are typical home maintenance items. Inspections for a single-family home typically take two or three hours, and buyers and their agents should attend. This is the time for you to examine the property's more closely, ask questions, and learn more about the home than an informal preview of the home allows.
You should carefully read and review the home inspection report and communicate with your attorney at this time. Home inspection issues which you feel should be addressed immediately are typically communicated to the sellers attorney through your attorney, to allow the seller to remedy those issues. If no "meeting of the minds" occurs regarding inspection issues, this is the only time, after attorney review concludes, the contract can be canceled and no penalties incurred.
I can provide you with a list of Inspection Companies.