Here’s another post taken from my ‘News You Can Use’ Preferred Client publication. ____________________________________________________________________________________
Buyers are often tempted to cut corners on things like home inspections to save money for fun items like new furniture or a big-screen television. Don’t! A home inspection is one of the best investments you can make when purchasing a home.
Plan and Prepare Think of a home inspection as a fact-finding mission. Having a complete and independent home inspection performed is an important step toward finding out everything there is to know about the property. Hidden home defects often become apparent, including poorly performed repairs, forgotten faults, structural damage, or other potential pitfalls that could transform your dream home into a nightmare.
Save Money Almost every property has a few defects – even new homes – and buyers are often surprised how seemingly insignificant items can add hundreds or even thousands of dollars to the price of a home after the fact. Having an independent inspection performed often saves more money than it costs since you can often have the sellers remedy the problem(s) or renegotiate the price based upon the new information. Remember, once a latent/ hidden defect is known the sellers are legally bound to disclose it to all prospective buyers.
Negotiate Motivated sellers may not have the time or interest to fix all the problems on a property. If you have more time than money, a home inspection provides a strong rationale to renegotiate the purchase price or work out other alternatives while the home is being repaired or renovated.
Most of my Clients take my recommendation and use Rick Varadi of Key Home Inspections.
As with everything when purchasing your new home, it is important to have your REALTOR® guide you through the process following a home inspection. This is especially true if a number of defects have been identified.
///…CP
