Buying a home is a major financial commitment. That’s why it’s important to understand the home inspection and get to know the condition of the house you’re about to buy before you close on the deal.
Home Inspection Tips for First-Time Buyers
Here are some steps that first-time homebuyers can take to help make sure the home inspection is a success.
Show up and ask questions
Even though buyers aren’t required to attend the home inspection, being present and asking questions will give you the most accurate understanding of the home’s current condition. The inspector also can help you understand what it will take to maintain the home. Following along with a home inspection checklist of items to review could help you find things that need to be fixed before you move in.
Don’t be afraid to negotiate
If the inspection reveals a major problem with the home, you may have second thoughts about buying it. Many purchase agreements contain an inspection contingency that allows you to walk away from the deal and keep your deposit if you’re unhappy with the inspection results. This also gives you leverage to negotiate with the seller to have them pay for repairs or reduce the sale price.
Get a seller’s disclosure
Many states call for a seller’s disclosure, which is a legal document requiring the seller to communicate any problems with the home that they are aware of. Should the seller fail to disclose a major issue with the house, they could be held liable for the cost of repairs.
Home Inspection FAQ
Here are answers to some frequently asked questions about home inspections.