A home inspection isn’t just a checklist of your property’s condition; it’s a pivotal tool that can influence both your homeowners insurance and the appraisal value of your home. As a seller, you might suddenly discover your house isn’t valued as high as you thought it was worth. As a buyer, you might need to factor more money into your budget in case you end up with higher insurance premiums than expected. Either way, an inspection can affect your wallet in more ways than one. Let’s explore how home inspections impact insurance and appraisals.
[Read more…]Why You Shouldn’t Waive a Home Inspection
As a result of the hot housing market these past few years, potential buyers have often been in fierce competition with each other. Many have made offers tens of thousands of dollars over asking price, made all-cash offers, and waived the appraisal and/or home inspection contingencies to give them an edge in the seller’s market. As a home inspection company, we find the latter-most trend particularly troubling—but not just for business reasons. Let’s unpack why you shouldn’t waive a home inspection when purchasing a house.
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