Once you have the property under contract you have to make sure that everything is really going to work for you. This process is called Due Diligence. It is easy to fall in love at first sight, but only after a little work and time will you know that it is true love. A property is no different. You generally have 1 to 3 weeks to inspect the property and everything about it before you are completely locked in on a purchase. In a hot market sometimes you will try to take care of these things before even making an offer, but normally you will have a little bit of time once the offer is accepted to get these things done.
Home Inspections
The first step in the process is usually a home inspection. In Utah there are no requirements for home inspectors to be licensed so it is important to select an inspector that is highly recommended. (We are always happy to give you a few referrals) The home inspector will go through the home and point out areas of concern. The inspector is usually not an expert in more than one thing so it is important to leave enough time after the inspection to get the right professionals to take a look at specific items once the inspection is completed.
Specific System Check
Sometimes there are only one or two areas of concern after an inspection. In the case of a condo you may elect to skip a home inspection because you are only responsible for the HVAC systems and plumbing. Many professionals are not accustomed to doing an inspection so the more information you have when scheduling them the better. It is good to ask what a service call costs when contacting a professional so they know that you are willing to pay them for coming. Many people offer free estimates but it is not realistic to expect someone to show up to inspect the system without getting paid.
Neighbor Background Checks
If you are particularly concerned about the people you live around, you can check the sex offender registry in Utah. That registry is by no means comprehensive but at least let you know if there are people nearby on the registry. There will always be someone, so do not be alarmed if one or two show up, the question is just how nervous you are about them. You can also contact local police departments about crime in a specific area. Generally police officers are hesitant to disclose specifics but if you chat with them for a bit you can sometimes get good information.
Flood Zone
The title company and Lender will identify if a property is in a flood zone but they may not tell you until right before closing unless you ask. It is important to know if the property you are buying is in a floodplain because it can require you to carry extra insurance. Of course there is the risk of actually having a flood occur, so you need to evaluate the risks that you are willing to accept if the home is in a flood zone.
The main thing to remember is that during the due diligence time period you have a chance to decide if this house is right for you or not. You do not need to limit yourself to any specific inspections. Check the things you worry about. I have had clients bring a religious leader to look at a house and make sure that it was free of negative energy or attend church with the local congregation. I have had clients review past news reports to make sure the house was not involved in any notorious events. The most scary inspection of all is if you choose to have the in-laws check it out! Just remember to check the things that are most important to you.