Buying Real Estate in the Napa Valley
The Inspection Process
During the contingency period, your Realtor will order physical inspections as specified in your Purchase Agreement. Legislation mandates that the seller has the responsibility to reveal the true condition of the property on a Disclosure Statement. This may help you determine what kind of property inspections you feel are desired or necessary. Your Realtor will help you arrange for these.
Who Pays?
Your Purchase Agreement will specify who is responsible for the costs of inspections and for making any needed corrections or repairs. It is negotiable between the aprties and should be considered carefully. Your Realtor will advise you what is customary and prudent.
Structural Pest Control Inspection
A licensed inspector will examine the property for any active infestation by wood destroying organisms. Most termite reports classify conditions as Section I or Section II. The inspection and the ensuing Section I repair work is usually paid for by the seller. Section II preventative measures are generally negotiated, and not necessarily completed.
Section I Conditions
Section I conditions are those currently causing damage to the property. These conditions generally need to be corrected before a lender will make a loan on a home.
Section II Conditions
Section II conditions are those not currently causing damage but which are likely to, if left unattended.
Home Inspection
This inspection encompasses roof, plumbing, electrical, heating, appliances, water heater, furnace, exterior siding, and other visible features of the property. A detailed report will be written with recommendations, often times the recommendation is to consult a specialist (such as a structural engineer, roof inspector, fireplace inspector, etc). The inspection fee is usually paid by the buyer.
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