Hidden situations and potential problems that could turn your “dream home” into a nightmare…
Q: My wife and I are considering dropping the home inspection clause from our offer because we want to make it more attractive to the seller, but I am hearing that this can lead to trouble.
A: When you have your eye on a home in an active real estate market, it can be tempting to remove the home inspection condition on your offer. But skipping a home inspection has risks and can lead to trouble.
There’s a reason a typical Agreement of Purchase and Sale includes a standard clause with respect to a home inspection; it’s there for your protection.
A home inspection can identify hidden situations and potential problems that could turn your “dream home” into a nightmare. Carefully consider the risk of future troubles and expensive repairs before you skip an inspection.
For example, we know of a case where an inspection wasn’t done and the discovery of problems with the roof meant $10,000 in additional costs for the buyer. Given the risk, you might want to ask yourself, “Can I afford not to have an inspection?”
A qualified and experienced home inspector will examine the major systems in the home, including electrical, roofing, plumbing, heating/air conditioning, foundation and septic systems. The inspector will help you better assess the overall condition of the house and what repairs might be needed.
courtesy of Joseph Richer, RECO