The real estate market is in a sellers market right now. That could mean that you may have to buy your new home, or next home, with out getting an inspections. SO, lets talk Post Purchase Inspections and when and why you might need one.
Why would you need a Post Purchase Inspection?
So you are thinking about buying a home! That is great news! However in the current climate the country is in, we are seeing a large buying pool with an ever shrinking supply of homes. This is making it extremely difficult for you, the buyer, to get that house of your dreams. In order to ensure the acceptance of an offer on that dream home, many buyers are offering above asking price as well as waiving Home Inspections. Really the only benefit to this tactic is you are spending more money both up front and in the long run, despite the fact you “got your dream home”.
Why Shouldn’t You Waive a Home Inspection?
If you are like the majority of the country, your potential new purchase of a home will be the single largest purchase of your life. Additionally, you will be likely paying for that home for the next 15 to 30 years. Wouldn’t you like to fully understand what it is you are buying? Think about it like that car you bought. Don’t you want to know the fuel mileage, how many people it fits, if the air conditioning works, the tires aren’t going to wear out in the next month or so, etc.
I like to think of a home inspection the same way. You should concern yourself with the approximate age of the roof, heating system, siding, electric service and so on. Again, I’ll remind you this will be, potentially, the largest purchase of your life. One that you will live with for perhaps a lifetime. Isn’t it important to you to know that you won’t be spending additional time and money making repairs to your dream home that could have been caught in a home inspection and addressed before you move in?
Already Waived Your Home Inspection? Here is What You Do Now!
So you have already put your offer in to the realtor and you waived your inspection, on top of that it was ACCPTED! First of all, congratulations! This is a big moment and you shouldn’t let anyone take the wind out of your sail! Be excited that you are creating a home for yourself and your family.
Next, You finish what you started! BUT, before you are ready to move in and finish making that house a home, hire yourself a home inspector! Get that post purchase inspection. It is never to late to have a trained professional walk through your home, especially at the most opportune time of when it is empty. At this specific time, inspectors are able to see best, the systems of your home and analyze their effectiveness and longevity.
A good home inspections leaves you with a comprehensive report of your home, how it is equipped as well as pictures and videos of its “natural state”. You can use the report, pictures, and videos as a reference point from where your home started when you purchased it to where it ends up later on down the line.
James’ Thoughts!
I always recommend you opt for a home inspection up front. It is by far the most common option not to mention the most practical. That being said, if you have found yourself in a situation where you need to to waive your home inspection, you can still start your new adventure off on the right foot. I truly believe in the process of a home inspection. Without this valuable service you can find yourself over your head with that large purchase you have just made!
That being said, let All SPAR Home Solutions be your inspector of choice no matter your situation. We are the best at what we do and have the proof to back it up! See for yourself and allow me to prove it!