If you’re looking to buy or sell your home, or even if you’re the top realtor in Las Vegas, it’s always good to brush up on important real estate processes.
You’ve walked through the home with your realtor. You are confident you want to purchase this home. So why get a home inspection?
1. Objectivity. Home inspections are objective, comprehensive professional assessments of a home. You may have noticed some problems here or there but are not sure of the extent to which these should influence your opinion of the home’s value. Thanks to your home inspector, you will have a credible second opinion that can validate or qualify your assessment of the home’s value and make you confident in your decision. Try reporting any concerns you have, no matter how small, to your home inspector. They should help you out.
2. Peace of mind. You may be paying too much for the home, there may be structural problems with the home you can’t see, and you just want to be sure you’re making the right decision. Having a detailed, thorough report in front of you of any and (hopefully) all issues with the home can give you peace of mind that you are making the right decision in investing in this home. And if the inspection kicks back too many negatives for you, you have the option to walk away.
3. Budgeting. Even if the home looks flawless, you have to think of how you are going to budget to maintain it. A home inspector will be able to tell you, for instance, how long the shingles on the roof will last before you’ll have to get them replaced. Costs like these might be things you wouldn’t be able to know just looking at the house. Not only will you have a better idea of the value of the home; you’ll also understand what your budget will look like living in this house for years to come.
4. Leverage. After the home inspection, you may find that the selling price should be lower. Thanks to home inspections, you may be able to buy your home at a fairer price or negotiate to get the issues fixed before finalizing the sale. Sellers also benefit from a home inspection before selling because it gives them more confidence in the fairness of their deal and allows them to repair the issues before the transaction begins.
As with searching for the best realtors, you’ll want to do your research to find the right home inspector for you. You want to make sure they are licensed and that they will conduct a thorough, honest examination. Ask for referrals and check online reviews and their company’s website. Check to see if they are a part of any home inspecting associations.
Home inspections are an investment, but a useful one for both sellers and buyers. If you put thought into who you have inspecting the home, you will have more knowledge (and therefore power) going into the negotiation and closing process.
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