Inspections are a part of most residential real estate transactions, but because they are so common, their role is often taken for granted or misunderstood. There are some important points you should think about before ordering an inspection on a home you’ve offered to purchase.
Remember that a home inspection is not a witch-hunt! It’s not a tool for finding flaws to allow you to renegotiate your offer. An inspection is an educational exercise that allows buyers and sellers to better understand the home’s condition. An inspection can alleviate the buyer’s anxiety while also providing a basis for repair suggestions.
Don’t think that you won’t need an inspection for new construction! Nobody wants any surprises when purchasing an older home, but imagine what could happen in a brand new one that hasn’t even been lived in yet! If you’re considering the purchase of a home under construction, ask about “phase inspections,” which are completed at various stages in construction for your peace of mind.
Finally, don’t assume that inspections are exclusively the responsibility of the buyer. Many sellers have benefited from pre-listing inspections that identify potential problems before the home is listed and the defects are discovered. Both sides can use the inspection to make smart decisions and feel more confident about the transaction. If you’re still uncertain, contact a local real estate professional with your questions.
Note: This article was originally published on this site on September 29, 2016. It has been updated reflect the current home market.