If there is a house on sale, both the buyer and the seller will benefit from home inspection. For the seller, a sober assessment made by a professional inspector can help him identify areas of the property that need attention prior to listing and can also help him determine a fair selling price if in case he decides to sell it ‘as is’. On the other hand, a buyer also benefits from home inspection since he will know the things that need attention in the house that can help avoid costly surprises down the road, and this also will help him facilitate a sound compromise of the price of the property. A visual diagnoses of the current condition of a property is done in home inspection which is just right for both buyer and seller. It is also here where the condition of a property’s major systems like electricity, water, HVAC and etc. are examined and tested. Home inspection also involves checking the structural components of the house starting from its foundation, going up to the roof, so that they can determine its soundness.
However well the composure of a seller is, it is largely the buyer who gets the brunt if it fails to commission a home inspection prior to buying the property, and here are some practical reasons.
This is especially true when buying a newly constructed home where it may sound like a waste of money. After all, it’s been recently constructed and therefore you would assume that it is trouble free. This is because problems with wiring, plumbing, and easement may not be visible during a showing and this is the reason why an expert home inspection is needed.
Depending on the size and age of the home, Oklahoma City Painting can cost you a considerable amount of money. That fee is substantially tiny compared to having to rewire the entire house when you find out that sub-standard wires has been used by the contractor of the house.
You are given a good leverage in negotiating a lower price if you have a home inspection performed before you buy the home. If you want to bargain for the price and you don’t have any basis for lowering then you will find it very difficult to convince the seller. With home inspection you can benefit from negotiating to lower the price of the house with verifiable support.
Aside from being able to bargain with the price of the property, a buyer also benefit from Oklahoma City Home Inspection because he can make an additional clause in the contract to the effect that the seller has to make the necessary repairs on the house before the money is paid for the property. So if the seller is not willing to make repairs, you can actually deduct the cost of repairs from the total price of the property.