The Home Inspection Process – Why you need one!
One of the most important steps to buying property is having a home inspection performed! Having a home inspection will do a few things for you.
- It gives you the opportunity to learn about the condition of the house in a more detailed way than from when you walked through the place.
- You are allowed to negotiate with the seller to have repairs performed before you buy the house which will save you money.
- You are allowed to get out of the contract if you are not happy. Obviously, this is the most important benefit as it will also give you peace of mind.
The cost of the home inspection is the responsibility of the buyer. The question to ask yourself is, “Would I rather be out several hundred dollars if I decide to walk away or would I rather buy a house without knowing what is wrong with it?” It could be a hard reality to face if you buy something without checking it out first.
A few mistakes to avoid while going through this process include:
- Price shopping home inspectors. Although it is nice to save some money, it can be true that you get what you pay for. This could lead to more expensive repairs down the road if problems are not identified upfront.
- Not being present during the inspection. It is highly recommended that the buyer be present during the inspection so the inspector can discuss things on-site and show the buyer exactly what is going on. This also gives the buyer the chance to ask questions.
- Not have repairs performed by the seller re-inspected. If the seller is going to repair things at the house, the buyer needs to make sure those get done.