10 Reasons I Need A Home Inspection
Oh, the dreaded home inspection. With all the expenses of purchasing a new home, is this one necessary? The answer is Yes! You cannot afford to forgo seeing what’s behind these shiny walls! Here are 10 reasons why you need one.
I once had a client relocate from California. He had made a quick trip to town and one of my associates showed him the home while I was on vacation. In going through the process, I recommended having a home inspection performed during the option period as I would with any buyer. He was hesitant, but finally agreed. The inspection was scheduled and the investigation process began. I contacted the purchaser to get payment for the analysis and the inspector happened to already be halfway through the process. At that time, the buyer decided not to complete the inspection because he wanted to save the money. He paid the professional half the amount owed and moved forward with the sale. Mind you, when you pay an inspector for half of the process, you do not get a report because it would be an incomplete report.
The buyers flew into town a few days before closing and wanted to walk the house. I met them there with it being my first time to see the property. I was astonished they hadn’t had an inspection. There were foundation issues, plumbing issues and there was an actual leak present. None of this was a good feeling. We were able to work through some of the issues with the sellers who lived in China, but much of the stress could have been eliminated with a home inspection.
10 REASONS WHY
- Pertinent information is revealed allowing you to either make critical decisions before it’s too late or feel really good about the purchase you are making.
- Determine if there are any home projects that were done without a permit such as an added patio or addition to the home.
- Find out if there are concerning structural issues that need to be addressed. Foundation issues are extremely expensive. You want the seller to handle issues like this.
- Know with certainty that the home is safe. An inspector analyzes appliances, electrical and plumbing.
- Determine if there are issues that are more costly than you want to spend.
- Learn from your inspector. They are quite knowledgeable and happen to give some great tips to keeping your home safe and taking measures to prevent future issues.
- Oftentimes, lenders and insurance companies require an inspection so they know they have a sound investment with you as their client. A sound investment is good for you, too!
- If this process is completed during the option period, it gives you the opportunity to negotiate the issues and possibly have the seller repair/replace many of the issues or provide cash so you can have the work completed with one of your favorite contractors you know will complete the work to your satisfaction.
- I’ve had many clients who have decided to back out of a deal based on their findings. If you don’t have the inquisition completed, you don’t have leverage to back out before your earnest money is at risk or you move into the home to find it overwhelmingly a hidden disaster.
- An inspection can change your direction and help you learn things about a home you would not have known until it was too late. They are worth every penny. Know what you are buying and be educated on the process.
Caralee Gurney & Associates LLC
KW Frisco Stars – Each office independently owned and operated