I get this response from folks when I suggest a home inspection. From deposits, appraisals, and loan origination fees, it seems like everyone has their hand in the buyer's pocket. And then I go and suggest they spend ANOTHER 300-400 bucks? When first time buyers discover inspections are optional the gut reaction is to try and save some cash. Let's look at some of the ways home inspections help.
About a year back one of my buyers placed an offer on a home in a nice subdivision. By all accounts, this home had been well maintained. The house was so nice, the buyer did not want an inspection. Thankfully, his spouse overruled him. the inspector uncovered evidence of a massive fire in the home's past. It seems the owner had "forgot about that". Without the inspection odds are the couple would not have known about this until after closing.
Thankfully such "forgetfulness" is rare. More often though, an inspection provides documentation of a fault. This spring a buyer put an offer on a small starter home. During the inspection come to find out the foundation was sagging. The buyer was able to get the foundation repaired (6 thousand bucks) and get a lifetime warranty!
But what if I pay the 300 bucks and nothing is wrong with the house?? Congratulations! You are on the road to purchasing a wonderful home.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment