Why You Should Get a Home Inspection as a Buyer or a Seller

by Melissa Harbaugh 03/08/2021

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 three to six months, 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

Melissa Harbaugh

My husband Michael and I reside in O'Fallon, MO with two of our three children, the eldest of which is defending our country with the US Air Force. I enjoy volunteering with my church, the local community volunteer/outreach programs, participating in outdoor activities, traveling and helping my clients buy and sell their homes.

Serving St. Charles, St. Louis, Jefferson & Lincoln counties and surrounding areas

*2019 Expert Realty Community Service Person of the Year

* 2018 Expert Realtor of the Year

* Certified American Warrior Real Estate Professional 

* Member of VAREP (Veteran Association of Real Estate Professionals)

* Military Relocation Specialist 

* Million Dollar Producer

* Member of National Association of Realtors

* Member of St. Charles County Association of Realtors

* Committee Member for the St. Charles Association of Realtors

* Member of Western St. Charles and OFallon Chamber of Commerce

* Board member and VP of Fundraising with Mastokids.org