This guide has been created to educate consumers looking to fulfill the increasing demand for home inspections across the country; especially as real estate values fluctuate, disclosure requirements intensify, home buyers become more cautious, and litigation against sellers and Realtors climb to unprecedented levels.
As recently as 1980, it was "caveat emptor" or "buyer beware" where fewer than one in ten homes sold were inspected. Today that amount is still only four times greater, but growing rapidly. In past decades, when the services of professional home inspectors were virtually nonexistent, buyers were forced to gamble on hidden problems, unexpected repair costs, and sometimes major disasters. Today's smart consumer demands better information.
A growing number of states and local governments now require full disclosure of a home's condition before a property is sold, and more and more real estate companies include inspection clauses in their purchase agreements. Nevertheless, according to the Federal Trade Commission, after moving into their houses, 42% of home buyers face unexpected repairs costing an average of $500, and more than one in nine are forced to spend over $ 1,000 for repairs.
NOTE! This home inspection guide has been reproduced from the booklet entitled "Home Inspection Guide For Buyers and Sellers". This information was prepared jointly by the American Homeowners Association (AHA) and AmeriSpec, Inc. Authorization to re-print this information on this web site has been granted by AmeriSpec Home Inspection Service (in Plymouth, Michigan). Information and photographs cannot be used, copied or reproduced for use on another web site without permission and/or authorization. All html coding, layout and original graphics are Copyright © 1996 - Steve Hatfield - and may not be used, copied or reproduced on another web site. Steve Hatfield makes no guarantees or warranties as to the information provided herein. A link to AmeriSpec Home Inspection Service in Plymouth, Michigan may be found on this web sites links page under "Detroit Area Links."
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