Home buyers are often confused about home construction and its components, and have difficulty understanding such inspection reports. Many don't know how to figure out which types of defects are serious or whether their home inspector checked all the essentials.
Home Inspection Checklist Comparisons: All home inspections are different and can vary dramatically from state to state, as well as across counties and cities. Much depends on the home inspector and which association, if any, to which the home inspector belongs.
Kentucky Buyer's Property Inspection Report
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FAQ
Home inspectors in Kentucky need to complete 64 hours of classroom learning and 16 hour field training class before they can earn their Kentucky home inspector license and practice professionally. Upon completion of our course, aspiring home inspectors must then take and pass the National Home Inspectors exam.
Kentucky law requires sellers of residential property to complete a property condition disclosure form. The Kentucky statute states that the disclosure form does not create a warranty by the seller.
Repair or Replace (RR) = The item, component or unit is not functioning as intended, or needs further inspection by a qualified contractor. Items, components or units that can be repaired to satisfactory condition may not need replacement.
Exempt Sellers include: (d) Sales or transfers by a fiduciary in the course of the administration of a trust, guardianship, conservatorship, or decedent's estate.
Sellers of residential property are required by state law to disclose to prospective buyers certain defects with their home that could impair its value. These disclosures must be made in writing before any purchase contract is signed.
The Seller Disclosure of Property Condition applies to all sales and purchases of residential real estate in Kentucky, except for in the case of a court supervised foreclosure, a sale of real estate at auction or residential purchases of new homes if a warranty is offered.
Home inspection cost based on the size of your house:Home inspection cost (0-2,000 square feet): $240 to $340. Home inspection cost (2,000-4,000 square feet): $340 to $440. Home inspection cost (4,000 square feet): $440 to $580.
Kentucky Home Inspection Training: Kentucky Licensure (KRS 198B. 700) enacted in 2004. The Kentucky Home Inspector Licensing Law requires home inspectors to be licensed and defines the requirements of licensure.
Here are eight common real estate seller disclosures to be aware of, whether you're on the buyer's side or the seller's side.Death in the Home.Neighborhood Nuisances.Hazards.Homeowners' Association Information.Repairs.Water Damage.Missing Items.Other Possible Disclosures.