Everything You Need to Know About Home Inspections

The process of buying a home can be quite complicated. Throughout that process, you will have to look for your desired property, come up with a way to pay for it, and undergo various negotiations. That’s just a simplified timeline of the entire process. Anyone who’s bought a home can tell you that the process takes way more work than that.

Thankfully, realtors such as Claudette Schwartz can help buyers navigate the real estate market. They can even tell you about the importance of home inspections. Buyers should always request home inspections before moving forward with any purchase. You’ll understand why those inspections are so important after continuing below.

What Is the Purpose of a Home Inspection?

It’s important to remember that although a home inspection is technically an optional part of the buying process, it remains highly recommended. If you’re serious about purchasing a real estate property, you cannot afford to pass up on a home inspection. After all, the home inspection presents the only way for a buyer to get an unbiased look at a home’s true condition. They don’t have to depend on the seller for that information.

The specific details you obtain via a home inspection can also be useful during the negotiation process. Reference the issues highlighted during the inspection to get a lower price. Argue that you should get a better deal because you still have to pay for repairs following the sale. Some of the issues uncovered during the inspection may be new to the seller, making them more open to negotiating.

You should know that home inspections are not meant to attach dollar values to real estate properties. Don’t expect the inspector to give you that data point for your negotiations. Even without that information, the details produced during the home inspection remain highly valuable.

How Much Do Home Inspections Cost?

While some sellers may pay for home inspections to make their properties more attractive, buyers are generally expected to cover that cost. So, how much should you expect to pay for a home inspection? There is no set amount that inspectors charge for their services, but there are several factors that come into play.

According to the International Association of Certified Home Inspectors, factors such as the billable hours and the inspector’s hourly rate can determine the cost of the service. The size of your home can also impact how much the inspection ultimately costs. Inspectors may also base their hourly rate on what other inspectors in the area charge.

Conducting research beforehand should give you an idea of how much you’ll likely have to pay for your home inspection.

How Long Do Home Inspections Take?

Both buyers and sellers want to complete transactions as quickly as possible. Home inspections won’t get in the way of a speedy transaction.

Per the American Society of Home Inspectors, inspections of single-family properties are often finished in two to four hours. The results of the inspection should also be available within a day or two. You can quickly obtain the information you need about a property and decide how to proceed from there.

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