What is the significance of the word X-ray when talking about real estate?
The important thing about X-ray is that this is the way that you are going to inspect the home. Now, I would never recommend anyone to buy a house without doing an inspection, however these days the inspections need to be limited in terms of what you ask the seller to fix.
So, what's important about an X-ray? Well, when you get an x-ray at the doctor, they are looking at your bones, right? They're checking your structure to see if there's anything there that could be a problem now or in the future.
X-ray with respect to real estate means that you're going to look at the home from top to bottom and do all of the inspections that you want to do.
Now, when you discuss this with your agent you should always reserve the right when you're doing as is inspections to void the contract if you find something that you're not comfortable with or that's going to be too expensive for you to repair so you'll sit down with your agent and you'll talk about all the different inspections that you can do.
Typically, this will include doing structural and mechanical inspections. It will also include well flow and water quality if you're on a private well and you always want to do a full septic examination if the home is serviced by a private septic system. This would include examining the tank, the fields and a pump out of the tank if the inspector thinks it's necessary.
Now there could be other tests that also may be necessary such as working with a chimney expert to look at the flu and make sure the integrity of the chimney is still solid. Also, you’re going to want to take an especially hard look at your crawl space and your attic because in our area with as much humidity as we have you could have mold growing in both of those places and the inspector who looks at your structure.
Your structural mechanical inspector should be able to look at both of those things for you but you could also feel free to bring in someone who specializes in mold and crawl spaces and have them take a look and if you want to do an extra thorough inspection of your heating and air conditioning system. You can get a heat and air conditioning company to come out and take a look because under the as is inspection clause you can do all the inspections that you want to do.
However, you just do not ask the seller to make repairs so after you do all of these inspections. This is the time you to sit down with your agent and your trusted advisors. It’s time to consider what it will cost to fix the things you feel need to be addressed right away and then what can you do over time after you own the house and the cost of those things and once you've done all of that you can decide if the house is still worth
what you will be paying for it every month.
If it is, you move forward, if it isn't, you have reserved the right by the contract to void the contract and so you are protected. We hope you found this helpful if you need more information or would like to discuss it with us. Please feel free to reach out to me with any questions or concerns about this or any other topic you may have questions about regarding real estate. I am n experienced 20+ year realtor!