1.IT PROVIDES THE OPTION TO WALK AWAY FROM THE PURCHASE
Almost all home sales contracts include a clause stating that the purchase of a home is contingent upon completion of a satisfactory home inspection. A detailed home inspection may reveal unforeseen issues that are present in the house and its systems. Examples include damaged structure, inadequate insulation, unsafe electrical connections or extremely low water pressure. These findings will not only educate you on the issues, but also make you aware of what costs, repairs and maintenance the home will require, both immediate and over time. If you are not comfortable with the findings of the inspection, you have the option to back out of the offer to buy and continue your home search.
2. A STRONG NEGOTIATING TOOL
No home is in perfect condition, not even a newly constructed home. The findings in your home inspection report present you with an opportunity to ask for repairs or request a price reduction/credit from the seller. Often times the home inspection process is looked upon as just an added expense with no value. The majority of the time, the home inspection pays for itself if the buyers agrees to fix the issues in question or offers a credit for repairs.
3.AVOID BUYING THE MONEY PIT
Common sense tells us to consult with an experienced Mechanic when purchasing a used car since we are not interested in buying a lemon or someone else’s problems. Even new cars require an extensive test drive to evaluate the performance of the car. A home purchase should be approached in a similar way, especially since it is a much larger expense and commitment. Avoid buying a money pit or some else’s problems. Remember, once you buy it, you own it!
4.PROVIDES AN IMPARTIAL SET OF EYES
The home inspector represents an impartial set of trained eyes with no emotional or financial interest in the property. It can be very easy to fall in love with a house at first sight. Most buyers find it very difficult to remain completely objective and unemotional about the house they really want, and this may affect their judgment. As such, the home buyer is sometimes blind to the issues that can make that dream home a nightmare. Let a home inspector provide you with a peace of mind on what is likely the largest purchase you will ever make.