You know an inspection is inevitable, so it’s to your advantage to be proactive and work with our network agents ahead of time. Since they experience inspections with every client, they’re familiar with local codes and can cue you in to simple projects to complete before the inspection happens. That lets you make important updates on your timeline—well before negotiations begin.
Buying a home may well be the largest financial investment you will ever make. Naturally you will want to know as much as possible about the property before you finalize the purchase at closing. It's important to hire a knowledgeable, independent home inspector for advise on the overall condition of the property.
And once the inspection happens? Your agent can help negotiate the price of your home based on the outcome and can write an Inspection Contingency Clause into the contract if needed.
Many companies specialize in only one area of inspection, and others will group several together and offer a package price. Whichever route you go, assure yourself you're getting the inspections you need. Many can be found in the yellow pages or your Real Estate Professional can provide a list of several of each to choose from.
Set aside 1-3% of your purchase price to cover unexpected fees and expenses.
Specialists recommend holding at least six mortgage payments in the bank in case of emergency.
Based on the inspection, you may want to buy the home as-is for a lower cost, then tackle projects later on your own timeline and budget.
