How Inspections Can Knock Thousands Off Your Purchase Price

Inspections are one of the most important parts of the home-buying process, but you wouldn’t know it by the way many people talk about them.

Often the inspection process is overlooked with all the excitement that comes with getting an offer accepted. Worse is when buyers choose to do a cheap home inspection that could miss big issues they’ll have to fix down the line.

One reason why inspections are so worth spending money on is that they can save you a ton of cash on the purchase price of your home.

At first glance, a $1,200 (or more) home inspection can feel expensive. This is especially true when you’re in the process of paying all of the other closing costs. But it can be well worth the cost for two reasons:

1) If an issue is found through the inspection, like a leaky roof or faulty plumbing, you can address those issues with the sellers.  

Your agent will help you negotiate how the problems with the home will be remediated or paid for. This could look like the sellers offering concessions, giving you funds to do your own repairs, or knocking the purchase price down $15,000!

2) If no issues are found, then you can be confident going into the purchase knowing that the property is a good one and won’t have any issues. This peace of mind can be priceless, especially for your first home.

Between these two compelling reasons, you can see why getting a good home inspection is so important. It’s so worth taking the time to do your due diligence and find a good inspector who will check out every aspect of the home.

Ask for referrals (I have a great short list!), check reviews, and talk with the inspector to see their previous work and make sure that you feel comfortable using their services. It can make a big difference for your satisfaction with your purchase and your home. Here's everything you need to get started. 

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