While home buyers typically think of home inspections as being required solely for the purchase of homes that are in a state of needing repair, the truth is that they benefit all types of buyers.
- If there is a problem with the property that the seller either is attempting to hide or is truly unaware of, you MUST know about it before you purchase the home. Most real estate contracts provide a window, often five days, within which a potential buyer is able to obtain a home inspection. If issues arise, the buyer has the opportunity to bring them to the attention of the seller. The seller is under no obligation to address them, but at the same time you are able to walk away from the property if you choose.
- An inspection isn’t required by a lender, so the request MUST come from the buyer. Though an inspection can be pricey, it’s a bargain if an issue arises that could wind up costing thousands of dollars. Inspections cover all major areas of a home, from electrical and plumbing to structural. A good inspection can and should take several hours to complete.
- When looking for an inspector, it’s wise (which is very close to a ‘must’) to seek a recommendation from a real estate agent or a home inspector association. Try to find an inspector with some type of license and/or certification and who specializes in areas such as radon or mold.