In the current competitive environment, some people are waiving contingencies in order to secure a deal, including Home Inspections. Home inspections are vitally important when it comes to knowing the conditions of the home.
Top Three Reasons why Home Inspections are Important:
- To Identify safety issues that may be present in the home that could cause injury to the buyer and their family.
- Educating the buyer on the condition, features, and maintenance of their new home.
- Identifying any repair items that need to be addressed as the buyer develops their list of spending priorities for their new home.
The Importance of Timing
In a normal market, a buyer has a home inspection prior to closing and often uses that inspection to negotiate any repair costs with the seller. During a competitive market, it is still critical to have a home inspection for the reasons listed above EVEN IF the buyer can’t leverage it for negotiation purposes. EVEN IF the home inspection has to take place AFTER closing it is still critically important.
Safety, knowing the condition of your home, and budgeting for repairs don’t become less important just because a seller won’t accept contingencies! It is also important because if particular items are falsely misrepresented then there could be legal action.
To learn more about home inspections or to schedule your own contact
Pillar To Post - The Lussier Team!