Buying a new home can be a very stressful time. In addition to taking on a large amount of debt, buyers have a sundry of other expenses that keep popping up, such as closing costs, insurance, moving expenses and the home inspection to name a few.
In my opinion, the home inspection is one of the most important steps for buyers to take and one that too often they try to forego or circumvent. My approach is to get into a verbal arm wrestling match with buyers who try to avoid have an inspection by a qualified, licensed home inspector. And here’s why:
First of all, a home inspection by a qualified, licensed home inspector can identify a wide range of issues that may be lurking just out of sight to the buyer. Even if an item is working properly at the time, it may be just a matter of time before the owner could expect to have to repair or replace. Even if the item doesn’t need to be replaced at the time, it could possibly be a negotiating tool to adjust the price.
The second issue that I think needs attention is for buyers to not use an uncle or family friend to “take a look” at the property and see what they think. Having a family friend give their thoughts on the property may encourage the buyers one way or another, but in all likelihood unless that uncle or family friend is a licensed, qualified home inspector, their opinion will not considered acceptable as it pertains to the contract.
Maryland real estate contracts states that the buyers have the right to have the property inspected by “ … a qualified professional engineer, licensed home inspector, or other expert . . .”. Whether or not an uncle or family friend would qualify as an expert could complicate the contract as it relates to the property inspection.
If you are thinking of buying or selling talk to a real estate professional – talk to a REALTOR® – who can give you the information you need to make an informed decision.
As always, if I can help with any of your real estate needs, please feel free to text or call me at 301-712-8808 or email me at RolandLow1@gmail.com.