Let’s start by saying home inspections are very important and are always recommended when you are buying a home. They are done by a professional once a seller accepts your offer and before a buyer formally signs contracts. The inspection allows you to inspect the home much more thoroughly with a professional and will provide you with a summary of the condition of the home. While home inspections are rather cheap in comparison to the cost of a home they could range anywhere between $400-500. It’s important that before a buyer goes through a home inspection they have the right expectations on why they are getting a home inspection and what they can expect to get out of getting one.
Sellers know about the obvious issues with their home and have a reasonably idea how a home inspection is going to go before it is even done. In a lot of cases they already considered this when they listed there home and is already built into the price. Home inspections are very important since they look at things that aren’t easily visible like the roof, electric system, attic, utilities, appliances, etc. and could point out major issues with the house that were previously unknown. However buyers need to have reasonably expectation and not assume they will be able to get a large reduction in cost by making a long list of issues.
If the home inspection reveals some concerns it’s important to relay those issues to their agent in a timely manner so they can be addressed. The seller had three options when they receive such a list. First they can fix any repairs or concerns that come up. Secondly they can offer to give the buyer a reduction in sales price or work credit. And lastly they can simply say no.
In today’s market the sellers are in more of a position to say no then they have been in some time. Home inspections are also very important so that the buyer know what they need to do with the home in the future as an owner. A good inspector will point out some advice that they buyer could do to help with the maintenance of the home and upkeep. This information is very important as well and the buyer should keep the report and look through it after closing. To wrap things up every buyer should get an inspection and carefully go over it. The report will show any concerns that need to be addressed immediately and also point out things you may need to budget for in the future. By having these expectations you will have a transaction that is much smoother and less stressful.