We’ll just come out and say it: The home inspection should be a total non-negotiable for buyers.
Why? Because if anything is found, you are free to back out of the contract – no strings attached.
The only caveat is if a seller demands you waive the inspection as a condition of accepting your offer. But as the market tilts ever-so-slightly away from sellers this fall, We’ve got our fingers crossed that all this contingency waiving is largely a thing of the past.
Keep in mind that an inspection contingency typically comes with a deadline of ten to fourteen days, so you need to be ready to make some quick decisions once you receive the inspection report. Red flags that should give you pause include:
– Foundation issues
– Termites
– Water damage
– Roof concerns
When it comes to a less-than-stellar inspection, you have to weigh how much risk, investment, and seller negotiation you’re comfortable with for a house you love.
Have other questions about buying? Drop them in the comments below, and we’ll reply ASAP. We look forward to connecting!
“Bringing You Home to the Good Life”
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