The real estate market is hot and home inventory is low. Homebuyers are not taking the time to get the inspection after they go under contract. It’s easy to get swept up in the excitement of buying a new home but home inspections are a critical part of the home buying process and can save lots of time and money in the long run.
Appraisals and inspections are not the same things. Appraisals will not provide you with a detailed look at a property or uncover deep-rooted problems and potential pitfalls.
There are some great reasons to have a home inspection before you buy here or just a couple:
- The power of negotiation. One of the advantages of having a home inspection performed before you buy is the power it might give you to negotiate a lower price. Information gathered during the home inspection will give you bargaining power to talk down the price.
- Get the seller to make repairs. You can negotiate a lower price by including clauses in the contract that require the seller to make repairs. This is done before any money is exchanged. If the seller is unwilling to make the repairs, estimate the cost and ask them to take the amount of the total. Solid facts about the quality and condition of the home can give you valuable bargaining power.
These are two very strong and powerful reasons to get a potential home inspected before you buy.