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Tips on Reading an Inspection Report
When interviewing a home inspector, ask the inspector what type of report format he or she provides. There are many styles of reports used by property inspectors, including the checklist, computer generated using inspection programs, and the narrative style.
Some reports are delivered on site and some may take as long as 4 - 6 days for delivery. All reporting systems have pros and cons.
The most important issue with an inspection report is the descriptions given for each item or component. A report that indicates the condition as "Good", "Fair" or "Poor" without a detailed explanation is vague and can be easily misinterpreted. An example of a vague condition would be:
Kitchen Sink: Condition - Good, Fair, or Poor.
None of these descriptions gives the homeowner an idea what is wrong. Does the sink have a cosmetic problem? Does the home have a plumbing problem? A good report should supply you with descriptive information on the condition of the site and home. An example of a descriptive condition is:
Kitchen sink: Condition - Minor wear, heavy wear, damaged, rust stains, or chips in enamel finish. Recommend sealing sink at counter top.
As you can see, this narrative description includes a recommendation for repair. Narrative reports without recommendations for repairing deficient items may be difficult to comprehend, should your knowledge of construction be limited.
Take the time and become familiar with your report. Should the report have a legend, key, symbols or icons, read and understand them thoroughly. The more information provided about the site and home, the easier to understand the overall condition.
At the end of the inspection your inspector may provide a summary with a question and answer period. Use this opportunity to ask questions regarding terms or conditions that you may not be familiar with. A good inspector should be able to explain the answers to your questions. If for some reason a question cannot be answered at the time of the inspection, the inspector should research the question and obtain the answer for you. For instance, if the inspector's report states that the concrete foundation has common cracks, be sure to ask, "Why are they common?" The answer you should receive will be along these lines: common cracks are usually due to normal concrete curing and or shrinkage. The inspector's knowledge and experience is how the size and characteristics of the cracking is determined.
We recommend that you accompany your inspector through the entire inspection if possible. This helps you to understand the condition of the home and the details of the report.
Read the report completely and understand the condition of the home you are about to purchase. After all, it is most likely one of the largest investments you will ever make.
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Lawrence P. Finn, RAA
RD4234
State-Certified Residential Appraiser
P.O.Box 352, Auburndale, FL 33823
(863) 967-4543 Fax (863) 583-0961
orders@ZenithAppraisals.com
PRIVACY STATEMENT
Conforms with the Gramm-Leach-Bliley Act
1. Our privacy principles: We are committed to protecting our clients’ personal and financial information. This privacy statement addresses what nonpublic personal information we collect, what we do with it, and how we protect it.
2. How we protect information: We restrict access to any nonpublic personal information about you that we collect to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.
3. Where do we collect information from: We may collect and maintain nonpublic personal information in the course of providing you with the appraisal services you requested, including:
Information we receive from you on applications, letters of engagement, forms found on our web site, correspondence, or conversations, such as your name, address, telephone number and social security number.
Information about your transactions with us, our affiliates or others, including, but not limited to, payment history, parties to transactions and other financial information.
Information we receive from a consumer reporting agency such as a credit history.
4. What information we may disclose:
OPTION #1: We do not disclose nonpublic personal information about clients or former clients except as permitted by law. (If you select this option and you in fact don’t share information with anyone, then your form is done – if you share information as permitted under one of the exceptions, i.e., as permitted by law, then you will need to include that disclosure. See, for example part C(3) of the article on preparing a disclosure form.)
OPTION #2: We may disclose the nonpublic personal information about you described above, primarily to provide you with the appraisal services you seek from us.
5. Who we share information with: Unless you tell us not to, we may disclose nonpublic personal information of the type described above about you to the following types of third parties:
· Financial service providers as they pertain to your business, such as banks and lending institutions, estate planners, mortgage brokers, tax attorneys, etc.
· Non-financial companies as they pertain to your business, such as retailers, direct marketers, etc.
· We may also disclose nonpublic personal information about you to nonaffiliated third parties as permitted by law. (If you include this provision then you will also need to include another section identifying the types of nonaffiliated third parties to whom you are referring in this provision, See, for example part C(3) of the article on preparing a disclosure form.)
Opt-Out-Notice
· You may limit information shared about you. If you prefer that we not disclose nonpublic personal information about you to third parties, you may opt out of those disclosures, that is, you may direct us not to make those disclosures (except those permitted by law). If you wish to opt out, please notify us in writing at the above address.
IRR-Residential Zenith Appraisals P.O.Box 352 Auburndale, FL 33823
Phone: Fax: Copyright © 2012 IRR-Residential Zenith Appraisals Portions Copyright © 2012 a la mode, inc. Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
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