Safety and Inspection Items

Should I do a home inspection?

December 16, 2022
Safety and Inspection Items

Should I do a home inspection?

December 16, 2022
Safety and Inspection Items

Should I do a home inspection?

December 16, 2022
Safety and Inspection Items

Should I do a home inspection?

December 16, 2022

A home inspection is an important part of the home buying process. Should you have a home inspection?

The short answer is, yes! It is in a home buyers best interest to have the home they are purchasing inspected by a licensed home inspector. A buyer will typically utilize one of three types of home inspections. Be sure to attend the home inspection and ask questions!

The first and most preferable option being a standard home inspection with right to negotiate or cancel. This type of inspection gives homebuyers the ability to request that sellers make repairs or provide credits for material defects in the home. If sellers and homebuyers cannot come to an agreement on these terms, the contract can be terminated.

The second option a homebuyer has is what’s called an “as is” home inspection. This allows buyers the right to terminate the contract based on the results of the home inspection. However, homebuyers do not have the ability to request credits or repairs for any material defects found during the inspection. This type of home inspection is typically performed when there are multiple competing offers and buyers want their offer to look more appealing. Alternatively, sellers may prefer this if they are not in a position to provide credits or make any repairs.

The final type of home inspection done is the most disadvantageous to a home buyer. This is called a pre-contract home inspection. This method of inspection is done before a buyers offer has been accepted by a seller. In this instance, a home buyer will submit an offer with no home inspection contingency attached. But by performing a home inspection before contract acceptance, homebuyers will have knowledge about any defects in the home. Because there is no home inspection contingency written into the contract, there is no room for negotiation with sellers when using a pre contract inspection.

A few key notes,

Buyers MUST use a licensed home inspector. Many buyers will ask if a contractor friend can do the home inspection and the answer is always no. A knowledgeable friend or family member can always tag along during the home inspection but the inspection itself needs to be performed by a licensed home inspection professional.

The only buyers who will frequently not use standard home inspections are investors. A seasoned investor will typically bring along a contractor to tour properties. In these instances, investors have extensive experience with gauging the quality of a home, and will forgo a standard home inspection. 

Every property is unique, and some homes will have different home inspection requirements than others. These are just a few of the most typical types of home inspections you will run into when purchasing a property. We cannot stress enough that if you are buying a home, you must have the property inspected. 

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Should I do a home inspection?

By
December 16, 2022
Should I do a home inspection?
Should I do a home inspection?
Should I do a home inspection?
Should I do a home inspection?

A home inspection is an important part of the home buying process. Should you have a home inspection?

The short answer is, yes! It is in a home buyers best interest to have the home they are purchasing inspected by a licensed home inspector. A buyer will typically utilize one of three types of home inspections. Be sure to attend the home inspection and ask questions!

The first and most preferable option being a standard home inspection with right to negotiate or cancel. This type of inspection gives homebuyers the ability to request that sellers make repairs or provide credits for material defects in the home. If sellers and homebuyers cannot come to an agreement on these terms, the contract can be terminated.

The second option a homebuyer has is what’s called an “as is” home inspection. This allows buyers the right to terminate the contract based on the results of the home inspection. However, homebuyers do not have the ability to request credits or repairs for any material defects found during the inspection. This type of home inspection is typically performed when there are multiple competing offers and buyers want their offer to look more appealing. Alternatively, sellers may prefer this if they are not in a position to provide credits or make any repairs.

The final type of home inspection done is the most disadvantageous to a home buyer. This is called a pre-contract home inspection. This method of inspection is done before a buyers offer has been accepted by a seller. In this instance, a home buyer will submit an offer with no home inspection contingency attached. But by performing a home inspection before contract acceptance, homebuyers will have knowledge about any defects in the home. Because there is no home inspection contingency written into the contract, there is no room for negotiation with sellers when using a pre contract inspection.

A few key notes,

Buyers MUST use a licensed home inspector. Many buyers will ask if a contractor friend can do the home inspection and the answer is always no. A knowledgeable friend or family member can always tag along during the home inspection but the inspection itself needs to be performed by a licensed home inspection professional.

The only buyers who will frequently not use standard home inspections are investors. A seasoned investor will typically bring along a contractor to tour properties. In these instances, investors have extensive experience with gauging the quality of a home, and will forgo a standard home inspection. 

Every property is unique, and some homes will have different home inspection requirements than others. These are just a few of the most typical types of home inspections you will run into when purchasing a property. We cannot stress enough that if you are buying a home, you must have the property inspected. 

You may download the PDF by clicking here.
Request More Information

We will not share your information with anyone....

First Name*
Last Name*
Email*
Click here to view content
Oops! Something went wrong while submitting the form.

Thank you for requesting more information...

We value and protect your privacy and will never share your contact information with anyone else.

You may also download the PDF here.

How can we help?

The exclusive buyer agents at HomeBuyer Brokerage specialize in serving home buyers. Please reach out with questions at info@homebuyerbrokerage.com.

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