Inspection or No Inspection - What You Need to Know

by Carolyn Kay 03/08/2020

As you move forward with your home purchase, your real estate agent may recommend that you have your home inspected. Sometimes the inspection is required by the lender or insurance company, but sometimes it’s an optional step. Buyers who have the option sometimes consider skipping the inspection to save a little cash. Before you say “no” to the inspection, consider these reasons that it may be an important safety measure to take.

1. The Ability to Walk Away

When buying a home, you want to be completely sure that you’re not buying a home with problems that will cost you thousands after closing. Making an offer contingent on the results of an inspection allows you to legally walk away from your purchase contract if the inspector finds a serious issue. Without an inspection and this contingency, your offer is legally binding, and walking away is a costly choice.

2. Ensure Your Home Is Safe

Home inspectors know how to find problems that aren’t clear to the naked eye. From electrical wiring problems to hidden mold or problems with the home’s structure, knowing about these issues will protect you from buying a home that’s not safe to live in.

3. Improve Your Negotiating Position

If the inspection finds something wrong with the home that will be costly to fix, you can still buy the home if you wish. Armed with the information from the inspection, you can ask the seller to make repairs or give you a different price to cover the problems found. For instance, if the roof is in need of major repair, you can make a new offer that requires the seller to make those repairs, or you can offer at a lower price, using the difference to cover the repairs. Your real estate agent will help you understand the requests that are reasonable as you craft a new offer.

4. Enjoy Peace of Mind

A home inspection gives you peace of mind that you are buying a quality home. When the inspector gives it a stamp of approval, you can know that you are unlikely to have serious surprises when you move in.

5. Find Pest Problems

You don’t want to move in only to discover termites or roaches in the home. Pests can often go undetected until a serious infestation is present, but an inspector knows how to find the hidden signs of pests. Finding pests doesn’t mean you need to avoid the home, but it does mean you should ask the seller for professional pest control measures before you close on the property.

An inspection is an important step when buying a home. The cost of the inspection is small in comparison to the peace of mind and protection it brings. Even if it’s not required, make sure you request an inspection on your next home purchase.

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About the Author

Carolyn Kay

As a Real Estate professional, I specialize in helping my clients buy, rent or sell properties in Westchester County. I am passionate, dedicated and committed to my clients and my first priority is to provide them with first class service and guidance throughout the entire process. It has been said that I go above and beyond for my clients to get the deal closed! I have experience working with clients who have financed their purchases with either a conventional, VA or FHA loan and have a good understanding of how they work; no sale is too big or too small for me to take on. My family and I relocated to England for 2 ½ years, this was a wonderful experience but at the same time, it was overwhelming. I have first hand knowledge of the challenges as well as the positives in discovering a new community. I was born and raised in Scarsdale and once married, my husband and I decided to raise our two daughters here. Both of our daughters successfully graduated from the Scarsdale schools and are both married, living and working in Manhattan. After living in the same house for 30 years my husband and I took the leap, sold our home and bought and renovated a condo townhouse in another town. Once again we are discovering a new community and fully understand the highs and lows of selling a home we loved and buying and making a new home. I feel that my personal real estate experiences have made me more in tune with my client’s needs and therefore better able to help them navigate through the complex process. Please call me so that I can put my knowledge and experience to work for you.