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Musts For Home • December 27, 2023

Why You Need Home Inspections

by Annie Challis

Home Inspections are a crucial part of the home-buying process, providing the buyer with valuable insights and peace of mind.  And also to prevent the seller from future litigation if a problem that hadn’t been disclosed comes up.   Home inspections are a contingency in the purchase agreement and should not be overlooked and signed off on until you have peace of mind from inspections.

The top reasons why you should have home inspections when purchasing a home include:

  • Uncover any hidden issues and potential problems that may not be visible during a walkthrough, such as structural or foundation issues, grading, drains, sewer, leaky roof, mold, electrical problems, or plumbing issues.
  • Inspections help the buyers understand the cost of necessary repairs or upgrades, allowing them to make informed decisions and potentially negotiate with the seller for repairs or price reductions.
  • If buyers can learn the condition of those major systems and components like air/heat units and water tanks, it will provide valuable information for long-term planning for future maintenance and renovations.
  • It will help the buyers understand the strengths and weaknesses of the property to help them make informed decisions about whether to go ahead with the purchase.
  • Some lenders and insurance companies may require a home inspection before providing a loan or insurance, which obviously makes inspections a practical necessity.

All in all, home inspections are an essential step in the home-buying process that helps the buyer make informed decisions, protect their investment, and ensure their new home is safe and problem-free. A wise move that can save buyers money and stress in the long run.

 

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