Importance of Having Home Inspectors Evaluating the Home for Sale
It is impossible to over emphasize the importance of a home inspection when you’re ready to make an offer on a home for sale. Many newbies feel that a home inspector is overkill, since they have already had to pay for an appraisal. Wrong!
Experienced home inspectors often find problems an appraiser doesn’t even look for. Be aware that certified appraisers analyze recent (within 6 months) sales to offer opinions of fair market value (FMV) of homes comparable to yours and in the same neighborhood.
Meanwhile, home inspectors perform a detailed examination of a home’s heating, electrical, roofing, and plumbing systems. They will detect problems even unaware to many home sellers.
If you like a home, can see your family living there happily, your home inspection will confirm your preference to make an offer or, uncover major problems that generate lower offers or no offer at all. At a minimum, you should ask the home seller to repair the problems to your (and your home inspector’s satisfaction) satisfaction before you further consider the seller’s home. If the seller refuses to invest in repairs, you should lower your offer, possibly considerably.
For example, if the home has serious roof, electrical or plumbing issues, possibly at a cost of $10,000 or more to rectify, you may not want to spend for necessary repairs at the current asking price.
Home Inspectors Save You Money
Home inspections cam save you more money than you’ll spend to repair problems they detect when inspecting the home you want to purchase. For instance, you probably didn’t notice that you had to replace your roof ($10,000 or more), to replace your roof if you buy this house, as is.
A home inspection, like a pest inspection, can make the difference between buying a home needing costly repairs or a property that doesn’t. A home inspection is much more detailed than an appraisal. A home inspector can detect home systems in need of repair before you buy a house, saving you money
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