Remember last year when the housing market was red hot and bidding wars were all over the place? Many buyers were desperate to get their offer accepted on the home of their dreams, and they were willing to do whatever it took to get the sellers to notice them: even waiving the home inspection.
To all the home buyers out there, we’re not doing that anymore. Home inspections are one of the most important parts of the real estate process because they can save you from making a bad decision that can impact the rest of your life. On top of simply being a smart choice, a home inspection will bring you several benefits like these.
1. A home inspection can eliminate any surprises that may cause the home to fall out of escrow. If you find a serious problem with the property during the inspection, you’ll know ahead of the appraisal and will be able to work with the seller to come to a favorable outcome.
2. A home inspection gives you the upper hand in negotiations. Again, if your home inspector alerts you to some problems with the property, you’ll be able to negotiate with the seller better. Your agent will guide you through this entire process and provide the advice you need to negotiate well.
3. A home inspection gives you an out. Let’s say the worst happens and your inspector finds some huge problem with the property that makes it a bad deal for you. With an inspection contingency in your purchase agreement, you’ll be able to get out of the deal rather than being stuck in a bad house.
4. A home inspection helps you understand your investment and how to maintain it. You should always take the opportunity to attend the home inspection, because you’ll learn so much about the house from the inspector. They’ll show you things you never even knew to ask about, and as a result, you’ll be able to better take care of one of your biggest investments.
Getting a home inspection has virtually no downsides—but comes with so many benefits. I highly recommend that buyers take full advantage of the opportunity to conduct an inspection. If you’re looking for some good inspectors in our area, just reply to this blog and I’ll send you my recommendations.
