By Karim Alaeddine, March 22, 2024
Hey there, I’m Karim Alaeddine, Principal Broker at Living Room Realty.
Congratulations on taking the leap into homeownership! Let’s dive into the process and talk about the nitty-gritty.
Today, we’re talking home inspections.
Home Inspection Contingency
The real estate purchase agreement is a 10+ page document that lays out the terms of the sale. Included is your “home inspection contingency”, a specified period of time for you to bring in a team of pros who will inspect the home and its systems. They’ll dig into every nook & cranny, identifying areas of needed attention or maintenance, pointing out red flags and summarizing the overall condition of the home.
What Are They Inspecting?
Expect them to scrutinize everything from the roof to the foundation, plumbing to HVAC, and beyond. A common inspection schedule might include sewer video scoping, radon testing, underground oil storage tank searching & evaluation. Often, specialists are called in for deeper analysis of electrical panels, attic or crawlspace evaluation, on site drainage mapping, etc.
The Power Of Knowledge
Knowing about any current or impending issues upfront will give you the power to make an informed decision during the rest of the transaction. This will allow you to move forward with confidence, renegotiate terms, or even rethink the whole deal. The advocate entrusted with guiding you through this process, your realtor, will bring their body of experience and context to you and work to create a safe landing for you at closing.
Bottom line: Your home inspection period is there to protect you. So, now is the time when you get to make sure that the home is exactly what you thought it was.
Make A Move
Ready to make a move? Call your agent today. We would love to help you find your next Living Room.
Karim Alaeddine
Principal Broker in OR and Manager of Growth & Development
KARIM ALAEDDINE
Licensed Principal Broker
Real Estate Life Coach
karim@livingroomre.com
I grew up in Portland, working in my family’s restaurant (Abou Karim — Portland’s first Lebanese restaurant). Since 2006, I’ve sold old Portland manors and brilliant Belmont condos, modern memory makers and third generation family heirlooms, and have represented nervous and excited first time buyers, community builders, multi unit investors and others; always seeking to fulfill on my commitment to be of maximum service in the realm of real estate.
This real estate business is built on a background in home remodeling, historic home restoration, small business ownership and rental property investment. I am very grateful to do the work that I do.
Jessica LeDoux | Lead Buyer Agent | Broker Licensed in Oregon | jessica@livingroomre.com
Kim Parmon | Lead Listing Agent | Principal Broker Licensed in Oregon | kim@livingroomre.com
Andee Zeigler | Licensed Listing Team Operations Manager | andee@livingroomre.com
Jenessa VanZutphen | Buyer Operations Manager | Licensed in Oregon | jenessa@livingroomre.com
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- T: 503-309-2290
- karim@livingroomre.com
