Our goal is to always protect our clients and provide a seamless home buying process. Though we want to help you make your offer competitive, we also want you to be in a safe home. One of the best ways to do that is to make sure you are aware of all the pros and cons in any given circumstance. Here are a few reasons an inspection is a good idea:
An inspection can help buyers avoid overpaying:
Most buyers today are already paying a premium with housing prices across the country at an all-time high. According to a recent report from Redfin, in April, the median home sale price in the U.S. increased 17% year-over-year to $341,250. With buyers paying top-dollar for homes, unreported issues and extensive repairs should not be part of the process.
An inspection can uncover problems that the seller might not even know about:
While a seller is required by law to disclose problems they know about, what about the problems they may not be aware of? Some sellers might not think to go into a crawl space, or climb up onto their roof prior to putting their home on the market. Some other issues are not a seller’s fault if certain things were installed incorrectly etc.
While finding a substantial problem the seller didn’t know about won’t necessarily kill the deal, it does give buyers a chance to make an informed decision and provides an opportunity to negotiate the price of the home given the overall cost of any large repairs.
An inspection gives buyers a chance to budget for future repairs:
Armed with the right information, buyers can plan for future expenses and take advantage of sales when they know they must replace a major appliance rather than suddenly being faced with a failing air conditioning unit in the middle of summer.
An inspection can prevent buyer’s remorse:
We know that in today’s market buyers are having to close on houses faster than ever. However, what we suggest here and Corken and Company is at least a “Health and Safety” inspection. This can alleviate some of the concern, and make it so a buyer can confidently move quickly through their purchase.
As you look into buying a home we are here to help! Contact us today. Our team understands the intricacies of a fast moving market and would love to help you with all your buying needs, and better understanding your home inspection.
