Beware When It Comes To Home Inspections

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You are committing to a lot of debt when you make the decision to purchase a home. Be careful with your choice of inspectors since a home inspection is what you probably want.

When Buying, Here is a Word of Warning about Home Inspections

The buyer should set up a home inspection on the home when purchasing a home. Designed to ensure that the home is in good condition is this home inspection and also to notify the buyer of any potential problems in the home. But there are also some things that potential buyers should be aware of when a home inspection is being done.

It is important for the buyer to be careful about which home inspection service to go with in order to ensure that the home inspection goes properly. Often times, the seller or seller’s realtor will make a suggestion for a home inspection service. When you use the service, then they will often offer discounts as well. Do you think you should go with the discounted service offered by the seller?

The discount can be good but it’s likely you could be potentially setting yourself up for a big loss in the future. To understand why, first understand that the real estate agent has a pretty big commission on the line. Real estate agents often make 6 to 8 percent of the total sale. What this means is that they have a lot riding on every sale and they are looking to close out every deal that they can. The sad reality is that they are looking after the selling and their commission and not you even though ethics should drive them to be fair in every sale. Hardly a surprising statement, eh?

Home inspection services recommended by the agent often carry an unspoken agreement. The inspector will get more business if the inspection reports are favorable to the seller. If they are not, the seller’s agent will find someone else for future deals. A fact that you will inevitably pay for in the future is that human nature suggests this situation can lead to certain deficiencies being overlooked by the home inspector.

The bottom line is that being a buyer means it’s important that you are aware of the objective home inspections. The inspection is going to tell you if there are any problems with your potential dream home. You can demand the seller have them repaired, lower the price or pay cash funds at closing so you can have it done if there are any problems. If you use an inspector recommended by the seller or seller’s agent, you run the risk of missing some major problem with the property. Don’t do it!

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Topics: Investing | Comments Off

Tags: family, Finance, Finance and Real Estate, financial planning, home, Home and Family, home buying, home buying tips, Investing, Investing and Finance, mortgage, Real Estate, Real estate buying, real estate selling

Article Citation
MLA Style Citation:
Rowe, Benjamin "Beware When It Comes To Home Inspections." Beware When It Comes To Home Inspections. 5 Feb. 2012. uberarticles.com. 27 Apr 2012 <http://uberarticles.com/finance/investing/beware-when-it-comes-to-home-inspections/>.

APA Style Citation:
Rowe, B (2012, February 5). Beware When It Comes To Home Inspections. Retrieved April 27, 2012, from http://uberarticles.com/finance/investing/beware-when-it-comes-to-home-inspections/

Chicago Style Citation:
Rowe, Benjamin "Beware When It Comes To Home Inspections" uberarticles.com. http://uberarticles.com/finance/investing/beware-when-it-comes-to-home-inspections/

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