A home inspection is the examination of your property’s interior and exterior condition performed before closing. An inspection is an important part of buying a home because the home inspector will verify that your home is in good condition and report any potential problems to the buyer.
Here are four reasons why you shouldn't skip a home inspection:
It's a way out: One of the most common contingencies to a real estate purchase is a completed home inspection. If buyers are not satisfied with the findings, they may be able to back out of an accepted offer.
It gives you leverage to negotiate: In addition to serving as basis for whether to continue with the purchase, a home inspection presents an opportunity to negotiate the sales price and terms of the contract.
It can detect safety issues: While completing the inspection of the home, the home inspector will evaluate structural and electrical components that could potentially pose serious threats to one's safety and health.
Insurance companies might require it: A home insurance inspection may be necessary to obtain or renew a homeowners insurance policy.
When you are ready to purchase a home, our team at Dream Home Lending would be happy to recommend a home inspector. Call us today to set up an appointment to discuss your home purchase needs.
