Caveat Emptor ***
It is imperative that the buyer(s) of a residential property secure the services of a qualified home inspector. Make sure you hire an inspector who is both trained and experienced in home inspection, maintains proper insurance, and is a member of one or more professional associations, such as the California Real Estate Inspection Association (CREIA), and the American Society of Home Inspectors (ASHI).
Home inspection is a relatively new profession in California and thus far not licensed by the state. At present, anyone can claim to be a home inspector. Therefore, you should exercise care and consideration before hiring just anyone. Besides being a certified home inspector, being an experienced Architect assures you of receiving a professional home inspection and report.
All inspections and reports performed to the
- Avoid Price Shopping: Home inspection fees vary widely. A home is the most expensive commodity you are likely to purchase (or sell) in a lifetime. One defect missed by your inspector could cost many times what you save with a bargain inspection. The best method of price shopping is to shop for quality. Considering the high cost of real estate today, an inspection fee is a small price to pay. It can save thousands of dollars and years of regret.
California Real Estate Inspection Association
Standard Of Practice
*** Caveat emptor /ˌkæviːɑːt ˈɛmptɔr/ is Latin for "Let the buyer beware" (from caveat, "may he beware", the subjunctive of cavere, "to beware" + emptor, "buyer").
Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods.
The phrase caveat emptor arises from the fact that buyers often have less information about the good or service they are purchasing, while the seller has more information. Although, keep in mind, many sellers/owners of residential real estate property are not aware of many of the deficiencies found during the course of the average home inspection. Defects in the property may be hidden from the buyer, and only known to the seller. Thus, the buyer should beware.