Here’s why both buyers and sellers should get home inspections.
Why are home inspections so important for both buyers and sellers in today’s market? Today we’ll discuss the virtues of the process for both parties.
It’s important for sellers to have a home inspection done so that they’re not getting themselves into a transaction just to find out later that there are deferred maintenance items they’ll have to deal with. Whether or not that deferred maintenance item is expensive, the buyer will see it as another thing they’ll have to spend money on if the seller doesn’t address it. If the seller identifies and discloses it ahead of time, then making the repairs or paying for them can be negotiated with the buyer.
For buyers, home inspections are just due diligence. A home is the biggest investment that most people will ever make, so it’s wise to spend a little time and money to figure out the condition of the house. Currently, we’re in a seller’s market, so many times, buyers aren’t able to negotiate repairs—many sellers are trying to sell their homes as is. However, that doesn’t mean buyers shouldn’t know the details about the house they’re buying. Even if buyers can’t negotiate those repairs with the seller, at least they’ll have a to-do list to work with once they close on the home.
We’re always going to fight to get every dollar our clients deserve, even if that requires compromising with the other party. If you have any questions about home inspections or other real estate topics, don’t hesitate to give us a call or send an email. We hope to hear from you soon!
