A home is one of the biggest purchases you may make in your lifetime, so it is important to know as much as you can about it. A home inspection can help you in many different ways from need-to-know information to negotiating price. The Platinum Group, REALTORS offers five reasons why you shouldn't skip a home inspection.
1. Find Underlying Problems
Even if your home is a new construction, a home inspection is always a good idea, as you could find underlying issues. No matter the age of the home, there could be costly issues unknown to the average buyer. There could be problems with wiring, plumbing and easements that are not visible during a showing, so it's best to get an experts opinion before making an offer on a home.
2. Could Save You Money
A home inspection can run anywhere from $200 for a small condo to over $400 for a large home. This may seem expensive, however, it could save you money in the long run. A home inspection is a lot cheaper than a new roof, foundation repairs or rewiring of the whole home.
3. Negotiating Tool
If you get a home inspection done before you buy, it could be used to negotiate the price down. If you find your dream home, but realize it needs a lot of work done after the home inspection, you can use the information gathered during the home inspection to talk down the price. In addition to using the home inspection as a negotiating tool, you can also use it as a way to back out of a contract.
4. Get Repairs In Contract
In addition to negotiating a lower price, many times buyers will include a clause in the contract that requires sellers to make necessary repairs before any money is exchanged. If they are unwilling to make the repairs, you can also estimate the cost and ask them to take that amount off the total. Knowing the condition of the home can give you very valuable bargaining power.
5. Know What Your Buying
The most important thing about home inspections is that it allows you to really know what you're buying. A home is one of the biggest investments a person is going to make in their lifetime, so it is important you do your research just like you would with any large purchase. The more you know, the fewer surprise there will be down the road. The roof of the home you are looking at may not need a new roof right not, but it could make a big difference knowing it may need one in a couple of years.
If you are on the search for a new home in Colorado Springs, contact The Platinum Group, REALTORS at 719-536-4444. When you hire an agent from the best team of REALTORS in Colorado Springs, you know they will be with you every step of the way from the home search to the signing. Visit our website to learn more about the best team of real estate agents in Colorado Springs at www.PlatinumHomeSales.com.
1. Find Underlying Problems
Even if your home is a new construction, a home inspection is always a good idea, as you could find underlying issues. No matter the age of the home, there could be costly issues unknown to the average buyer. There could be problems with wiring, plumbing and easements that are not visible during a showing, so it's best to get an experts opinion before making an offer on a home.
2. Could Save You Money
A home inspection can run anywhere from $200 for a small condo to over $400 for a large home. This may seem expensive, however, it could save you money in the long run. A home inspection is a lot cheaper than a new roof, foundation repairs or rewiring of the whole home.
3. Negotiating Tool
If you get a home inspection done before you buy, it could be used to negotiate the price down. If you find your dream home, but realize it needs a lot of work done after the home inspection, you can use the information gathered during the home inspection to talk down the price. In addition to using the home inspection as a negotiating tool, you can also use it as a way to back out of a contract.
4. Get Repairs In ContractIn addition to negotiating a lower price, many times buyers will include a clause in the contract that requires sellers to make necessary repairs before any money is exchanged. If they are unwilling to make the repairs, you can also estimate the cost and ask them to take that amount off the total. Knowing the condition of the home can give you very valuable bargaining power.
5. Know What Your Buying
The most important thing about home inspections is that it allows you to really know what you're buying. A home is one of the biggest investments a person is going to make in their lifetime, so it is important you do your research just like you would with any large purchase. The more you know, the fewer surprise there will be down the road. The roof of the home you are looking at may not need a new roof right not, but it could make a big difference knowing it may need one in a couple of years.
If you are on the search for a new home in Colorado Springs, contact The Platinum Group, REALTORS at 719-536-4444. When you hire an agent from the best team of REALTORS in Colorado Springs, you know they will be with you every step of the way from the home search to the signing. Visit our website to learn more about the best team of real estate agents in Colorado Springs at www.PlatinumHomeSales.com.
The Platinum Group, Realtors The First Choice in Real Estate
The Platinum Group, Realtors The First Choice in Real Estate
Visit our website: www.PlatinumHomeSales.com
6760 Corporate Drive, Ste 300
Colorado Springs, CO 80906
(719) 536-4444
6760 Corporate Drive, Ste 300
Colorado Springs, CO 80906
(719) 536-4444
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