One of the immediate benefits of a home inspection is its potential to save you money during negotiations with the seller. With a full report detailing problems and defects, buyers have the ability to negotiate repairs or price adjustments before finalizing the sale. A home quality inspection can reveal critical information about the state of a home and its systems. This makes the buyer aware of the costs, repairs and maintenance that the home may require immediately and over time. If a buyer is not comfortable with the findings of the home inspection, this is usually a last chance to retract the purchase offer.
However, it is possible to dispense with the typical inspection contingency without getting burned. You just have to be smart about it. Instead, don't give up all protections, reserve the right to carry out an inspection in order to gather information and, at the same time, inform the seller that you will not be responsible for carrying out the necessary repairs. This means, in a competitive market, renouncing the inspection contingency without renouncing the inspection itself.
In addition to the regular inspection, you may want to pay for additional inspections for pests, radon, or mold. You decide whether or not you want to undergo additional inspections. However, most experts agree that a regular home inspection is a good idea.
