Do I Need to Have Home Inspection When Purchasing a Home?


home purchasePurchasing a home is one of the largest investments most individuals will make.  This purchase can be fraught with anxiety for many reasons, one of them being, Are there any hidden issues with the home that will strike once we have signed the closing papers?❠ While no one item can guarantee completely stress free home ownership, a home inspection can provide peace of mind to the buyer.

A home inspector delves deep into the home and its condition and alerts the buyer to any potential concerns.  A home inspection increases the confidence of the buyer and may relieve the anxiety of the seller in the event of a future legal action for an undisclosed problem with the home.

Regulations and requirements vary by state regarding the need for a home inspection.  Here are some of the advantages of having one:

  • A home inspection may help the buyer in making a decision that the property is sound.
  • The knowledge of understanding exactly what you are purchasing before signing a contract.
  • The home inspection may uncover the need for replacement of, or repairs to, wiring, roofing, or other structural concerns.  The inspection provides the buyer with information to make an informed buying decision.
  • The home inspection is a document that provides the buyer invaluable information about the condition of the property and when the need for replacement of major systems may occur.

Buyers and sellers need to be aware that not all home inspection companies are alike and the items they look for may not be comparable.   Remember too, that your real estate agent is a good source for referrals but check references before making any final decisions.   Here are items to consider when hiring a home inspector:

  • What kind of experience does the inspector have?  How long have they been in business?   Are they licensed?  How many homes have they inspected?  Can they provide references from clients?
  • Has the inspector undertaken any specialized training?   Are they licensed within the state?   Do they have any complaints filed with the Better Business Bureau?
  • Does the inspector belong to any specialized trade associations or professional organizations?  Well known trade associations include the American Society of Home Inspectors and the National Association of Home Inspectors.
  • What kind of insurance do they carry?  The inspector should carry professional liability insurance, also known as errors and omissions insurance.  If you need to file a legal claim against the inspector, the policy would pay that claim; an inspector without insurance may not be able to pay a claim filed.

Hiring a home inspector is one of the many steps involved in the purchase of a home and one that may provide peace of mind in knowing no structural or wiring or roofing issues were uncovered.

About the Author:

This is a guest blog post from Richard Simon of Realty AZ Central. Realty AZ Central is a Phoenix Arizona based real estate marketplace offering a host of home buyer and seller resources including home selling tips, mortgage lender referrals, and a local real estate agent network.

photo by puroticorico

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

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