Home inspections have become integral to the home buying process. Before waiving the opportunity to have a professional home inspection, regardless of how competitive the market may be, buyers and sellers might both want to consider the following:
Home inspections shouldn't complicate things. Points of interest or concern discovered during an inspection might give rise to renegotation, or a request that the seller rectify a shortcoming, however rarely present a reason for a good deal to fall through.
A pre-listing insepection is a great way for sellers to understand how to prepare their homes for sale, possibly investing in cost-effective improvements, while avoiding unnecessary expenses - and the potential hassle of renegotiation, or possibly even starting over again.
Some things to think about:
The Bottom Line
Even if you negotiate a great price on your new home, there are a number of other fees like closing costs, mortgage insurance, real estate fees, and more. If you're like many people, you may be feeling a cash crunch by this time. You might be wondering why you would want to incur yet another expenditure, such as a pre-purchase home inspection.
Forgoing the home inspection could cost you a lot more. You miss the opportunity for a more detailed, personal viewing of your own, in addition to an well-organized inspection by a trained, experienced person. Home inspectors are accustomed to looking at a variety of houses, are not emotionally attached to your new home, and are more likely to ferret out problems you may have missed.
Gil Strachan is a professional home inspector, representing Electrospec Home Inspection Services in east-central Ontario since 1994.