Inspection & CL 100 Report
What a buyer can expect when a home inspection is done and what is a CL 100 Report?
PROFESSIONAL HOME INSPECTION
One of the smartest things you can do is get a professional inspection before completing a home purchase. Most buyers order these. Your agent will add this contingency to the purchase agreement. It will state that you have the right to a professional inspection by an inspector you choose and that you have the right to
approve the inspection report.
You will have a specified timeframe to complete the inspection - for example, 10 days from a fully executed contract.
Expect to pay around $300 to $500.
When selecting an inspector, agents can make recommendations. You will want a consistent inspector who has been in the profession a long time, so ask for
recommendations from previous customers and check these out.
If the home was built before 1978, the federal government requires that the seller give you a lead disclosure statement.
Once the inspection is complete, you will receive a report detailing the findings. You and your agent will review this together and decide what your next steps should be.
Some options (depending on the sales contract you use) could be:
1) Seller will make repairs before closing and you may have a reinspection.
2) You negotiate a lower sales price.
3) You accept the home "as-is" with no repairs.
4) You escrow monies at closing so you can make the repairs after closing.
What does the inspector look for?
Visible evidence of active, or previous infestation of termites or other wood-destroying insects. Visible evidence of whether there has been prior termite treatment. If there is evidence of active wood-destroying fungi below the main floor. Any visibly damaged wooden members below the main first floor of the home including columns, sills, door jambs, exterior stairs, and porches.