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Importance of Property Inspection

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April 5, 2017
Avoiding Financial Stress
April 5, 2017

Importance of Property Inspection

As a buyer, it is important to know exactly what you are buying. Don’t take for granted what you see and what the seller or the listing agent tells you. A professional home inspection is something you MUST do, whether you are buying an existing home or a new one. An inspection is an opportunity to have an expert look closely at the property you are considering purchasing and getting both an oral and written opinion as to its condition.

Beforehand, make sure the report will be done by a professional organization, such as a local trade organization or a national trade organization such as ASHI (American Society of Home Inspection). If at all possible, try and attend the inspectio at some point in time. Many inspectors recommend being there at the end to point out defects and home maintenance issues. Once the inspection is complete, review the inspection report carefully.

You have to demand an inspection when you present your offer. It must be written in as a contingency; if you do not approve the inspection report, then you don’t buy. Most real estate contracts automatically provide an inspection contingency.