Greater Seminole County Real Estate Report 7-29-20: A home inspection is a crucial part of the home buying process. Failure to have an inspection could end up costing you a great deal of money!
Home Inspections Will Save You Money
Home inspections are conducted after your offer has been accepted and you have entered into a contract with the seller, but many buyers may be tempted to skip a home inspection in order to save a little money during the process. Inspections are critical and can end up saving you a great deal of money! Here’s why home inspections are beneficial.
Identify Safety Hazards
The safety of your family is the utmost priority. The last thing you want to do is put your family in harm’s way, so making sure a potential new home is safe is important. An inspector can identify any safety hazards such as mold, carbon monoxide, radon, or other gas leaks.
Are All Additions Permitted?
It can be difficult to tell if additions or alterations are permitted to the untrained eye. If you buy a house with illegal additions, such as a room, garage, or basement, it can affect the taxes, insurance, and value of the home. This not a piece of information that you want to find out after you have closed on the home. A home inspector will make sure that every part of the home is permitted.
Estimate Future Costs
A home inspection can not only tell you whether the home is structurally sound but can also give you an idea as to the age of the major components of the home. This includes the plumbing, heating and cooling system, roof, etc. Knowing the age and condition of these systems will give you an idea of future costs of repairs and replacements to the home.
Do Not Be Afraid to Negotiate
Any contract you enter into should be contingent on a clean home inspection report. It should offer the buyer an “out” if anything is found that the potential buyer is not comfortable with. You can also use the findings to negotiate with the seller. This may be in the form of repairs on the seller’s dime or a reduction in price equal to the cost of the repairs needed.
Let Your Realtor Handle the Negotiations
An experienced realtor is skilled in negotiating to help you get the best price possible on your next home. Here at Gitta Sells, my team and I will help you through every step of the home buying process. Please feel free to contact us with any questions you may have at firstname.lastname@example.org or 407-330-2181. Until next week, happy home buying and stay safe!
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