We recently got a question in our Facebook Messenger feed asking, when you buy a home, should you do a home inspection?
In short, about 90% of the time, you want to do the home inspection because it’s is actually the second phase of negotiating on your home.
The first phase of negotiating is the purchase phase. It’s the offer that locks up the property at a price that you and the seller agree upon.
Your next phase is to negotiate any sort of repairs, and that is the inspection phase.
So if you forego that, then you’re just locking the house down and skipping everything past this point. You bear all risk and will not know what the outcome potentially would be of an inspection and whether you have some critical items that need repairing.
For example, a failing roof would be a (really) big ticket item. That would have been a critical negotiating tool during the second phase of the buying process.
On the other hand, there are some situations that you could forego the inspection.
The first is when you’re buying new construction. In the state of Oregon, a home builder has to warranty the home for one year. So if anything pops up that’s critical you can call that contractor or home builder and they’ll come back in and repair it.
The second circumstanceis if you’re buying a home that’s rundown and needs a bunch of repairs. Typically the average person doesn’t buy a home like that. It’s not like you’re going to walk in, buy a home that’s all dilapidated and run down. Most of the time you have to pay cash for this situation.
We buy homes all the time for cash. So I personally walk in, walk through the house, and evaluate the home. I know what there would need to be done and what’s going to need to be done in those situations. So for me, I don’t typically have to have a home inspection done.
But if you’re a buyer and you’re buying a new home you know, you’re probably going to want to do that inspection.
Even if the inspection is for informational purposes, where you may not negotiate any repairs, at least it gives you a baseline set of vitals for your house.
If you’re wondering how the home buying process works, feel free to reach out to us. We work with buyers and sellers, investors and everything else across the board. And we’re happy to answer those questions for you and walk you through the exact process of buying, selling, or investing in a home.
You can look us up at www.Grandrg.com Or you can give us a call 541-249-5990, and we will help you with your real estate needs.