‘Should I get a home inspection?’ is actually a question for a lot of buyers, but I don’t understand why anyone wouldn’t want one. It’s a trivial amount of money to spend for some real peace of mind, and an inspection can save a buyer thousands of dollars if things are uncovered.
While I’d never advise against getting an inspection, sometimes market forces make it impossible to secure a property with an inspection condition, or any conditions for that matter. This was the case in the multiple offer environment we saw in the spring of 2017 in every price segment.
These conditions are back again in 2019 but are confined to the lower to mid range of affordability.
As a result a significant number of homes are selling ‘firm’ with no conditions. It’s very much a sellers’ market and it can be difficult to buy conditionally.
Overall though, the vast majority of my offers include inspection conditions. We’ve lost out on a few properties because of this. But I’m pretty certain several of my clients who answered ‘yes’ to the question ‘Should I get a home inspection?’ are pretty happy having spent four or five hundred dollars.
In one property the inspection uncovered some significant roof and siding issues. In two other cases asbestos was found. Lastly a supposedly rewired house had knob and tube hidden away between floors.
If significant issues are uncovered a buyer has the option of abandoning the deal, renegotiating on price or having the seller remedy the deficiencies. We’ve done all three of these things at one time or another, saving my clients tens of thousands of dollars as a result.
Even if nothing serious is found the inspectors have a wealth of invaluable knowledge and experience to pass on to the buyer. My clients get a thorough education on every aspect of the home which is why it’s essential that they attend the inspection.
Should I get a home inspection? Yes, without a shadow of doubt you should. Getting a home inspection is a good thing.