Home Inspections Are Important for Buyers and Sellers - Here's Why

by Natalie Rakoci 02/09/2020

Getting a home inspection is usually built into the purchase contract for most real estate transactions. A home inspection contingency protects the buyer from getting any unwelcome surprises after they buy the home (think water damage or an HVAC system whose days are numbered).

In some cases, home inspections are the defining moment between a sale or moving on to other options.

In today’s post, we’re going to talk about the reasons you might want to get a home inspection whether you’re buying or selling a home.

Home inspections for buyers

There’s a reason most real estate contracts come with an inspection contingency. Expensive, impending repairs on a home can greatly affect how much you’re willing to offer on a home, or if you’re willing to make an offer at all.

Some buyers opt out of an inspection. This can be done for numerous reasons. The most common reason is that the buyer has a personal relationship with the seller and has faith that they are getting the full story when it comes to the state of the house. The other reason is that a buyer is trying to gain a competitive edge over the competition on a home, sweetening the deal by waiving the inspection and paving the way for a quick sale.

Both of these reasons have their flaws. For one, the seller might not even know the full extent of the repairs a home may need and an appraisal might not catch all of the issues with a home.

Another reason a buyer may waive an inspection contingency is because the seller claims to have recently had the home inspected. While this may be true, buyers should still opt to hire their own professional. This way, they can guarantee that the inspection was done by someone who is licensed and has their best interests in mind.

Home inspections for sellers

As we’ve seen, home inspections are typically designed to protect the interest of home buyers. However, sellers also stand to gain from ordering their own home inspection.

If you’re planning on selling within the next six months to a year, it will pay off to know exactly what issues the home currently has or will have in the near future. This will give you the chance to make repairs or address issues that could cause complications with your sale. You don’t want to be on your way to closing on an offer to suddenly realize you need to pay and arrange for a new roof.

So, whether you’re a buyer or seller, home inspections can be immensely beneficial to learn more about your home or the home you’re planning on buying. It will help you be prepared to make repairs if you’re a buyer. Or, if you’re a seller, you can make a plan to negotiate repairs with the seller based on the findings of the inspection.

About the Author
Author

Natalie Rakoci

It is more important than ever to have a real estate professional by your side who understands the unique, vibrant communities within the local real estate market. One who proudly works with only the highest ethical and legal standards, while having an optimistic and enthusiastic nature you will appreciate. Prior to becoming a licensed Realtor, Natalie was a Clinical Administrator for the largest healthcare system in Western PA. During nearly two decades of experience in clinical, business development and Administration in healthcare, she learned invaluable lessons about the daily operations of a business that is truly all about people. There are many people involved in a real estate purchase or sale and treating each with the utmost respect, exceptional communication and the highest ethical practice is Natalie’s highest priority.

Natalie first fell in love with the Grand Strand at ten years old during frequent family beach vacations. She moved to the Myrtle Beach area in 2012, and immediately began her full-time career as a real estate professional. Natalie ensures she is well equipped to serve the needs of her clients by consistently attending educational and leadership training, networking events, obtaining various certifications and enjoys serving the surrounding communities.

Natalie’s number one goal is customer satisfaction and she looks forward to the opportunity to earn your business. She understands that buying or selling a home can be a time consuming and emotional experience; her goal is to provide a positive, easy, and seamless process for each of her clients.