One of the most important home buying tips that any real estate agent will give you is to hold off on signing on the dotted line until you’ve had a professional home inspection done on the house. The following are a few reasons why a home inspection is so important and why you should insist on one:
- The house may be a money pit – Just because the house looks like it’s in tip-top condition on the surface doesn’t mean there aren’t any hidden problems. A professional inspection may reveal a faulty foundation, plumbing issues, problems with the wiring and other potentially costly problems that you don’t want to be stuck with when you buy a house.
- It may help improve your bargaining power – Things that may be uncovered during a home inspection could potentially be used towards your advantage when negotiating with the seller. For example, maybe the furnace is a lot older than you thought, which means that energy costs are likely to be higher than normal and that it’s likely going to need to be replaced in the near future. You may be able to get the seller to lower the price if you have information like this to bargain with.
- The seller may perform needed repairs – Because you don’t want to move into a house that’s on the verge of falling apart, a home inspection will allow you to figure out exactly what’s wrong with it. You’ll usually be able to get the seller to make those repairs before you purchase the house, or at least to remove the cost of those repairs from the total price.
These are just three of the reasons why you should get a home inspection before buying a house. Being insistent can really pay off, or help you avoid a bad situation altogether.