Home inspections are a tool all buyers can use. Some do, some don’t though. A home inspection breaks down the nitty gritty and provides a detailed look at the property you are considering buying. In the past my wife and I have bought homes with and without them.
Consider how much you are investing in the property you are buying and if the cost is worth the price being paid. In our area, they generally vary in price from $300-$600 depending on the size and other factors of the home.
When buying a home, knowledge is power. Typically, the more information you know in a real estate transaction, the more bargaining power you have. For example, if you know that the electrical inside the home is not wired correctly, this could become a bargaining chip inside of a negotiation. The seller may be willing to reduce the purchase price or make concessions after you have learned more details about the home from the inspection report. As a realtor, I recommend that my clients purchase this report when buying their homes for the best experience possible.
In the current housing market, some buyers may choose not to include this contingency item to make their offer more competitive, if this is done I would strongly suggest doing a detailed walkthrough when you see the home or have a qualified contractor/inspector present when your showing is being completed to ensure you are aware of possible concerns that will help you make your offer accordingly.
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If you have questions about the home buying or selling process in the Upper Peninsula of Michigan, feel free to contact me. Whether your purchase or sale of a property is in the near future or further down the road, I’m here to help you on your real estate journey. My name is Rick Curtis and I am an Associate Broker with Key Realty Delta County in Escanaba, MI. Call/Text (906) 280-6118 or email Rick@KeyRealtyUP.com