Debunked! Don’t Believe These Myths About Home Inspection!
A home inspector’s job is to state facts about a house and report every defect or undisclosed problem to a client even if it means making a realtor uncomfortable or terminating a buyer’s contract. For this reason, they are often portrayed negatively.
However, it is essential to understand that they perform an inspection critically and objectively. Apart from their knowledge of electrical systems, building codes, laws, etc., they also make a significant effort to work cordially with all parties. With all these added benefits, there are still apprehensions and rumors that an inspector can kill a deal or jeopardize a sale.
To avoid falling victim to these misconceptions, Leading Edge Home Inspections, LLC has debunked a few of the most widely believed myths about home inspection.
Myth 1: I don’t think, or my realtor said I don’t need a home inspection.
Buying a home is one of the most expensive financial decisions you will ever make. I have never inspected a house that did not have some issues, even new construction. Having a professional inspect a home is just common sense; we are specially trained to check things that most people won’t, and we work directly for the client, that is you, and with no monetary interest on whether the home is sold or not. Be wary of anyone who tells you not to get a home inspection or that you don’t need one; they are probably hiding something.
Myth 2: A home inspection is the same as a home appraisal.
They are very different functions; the only similarity is that both are performed on a home. A home inspection provides you with a specific and detailed list of the condition of the house. From safety to structural and from the roof to the basement or crawlspace, you will know the kind of problems that exist and how important they may be in the purchase negotiation process.
A home appraisal and the appraiser work for the bank, not you. An appraisal determines how much money a lending institution may provide in relation to the home, neighborhood, similar sales, and so on. While an appraiser may note an apparent deficiency, they are there to determine the loan amount safety level for the lending institution.
Myth 3: Home inspections are too expensive.
Your realtor is going to make at least three percent of the sale price. On a $100k home, this amounts to $3000. They will make this fee regardless of whether there are problems with the house, or if you happen to discover severe issues after you move in.
An average home inspection runs at about $400 in my area. For a $100k home, that is four-tenths of one percent of the price, and you will have information about the house before you even sign. Some inspectors including myself provide guaranteed inspections, o if an inspector misses anything, the property may be purchased back from you at the full purchase price and within ninety days of closing. That is a lot of information and peace of mind for roughly four-tenths of a percent.
Myth 4: I’m selling my home, so I don’t need a home inspection that will be at the buyer’s expense.
Everyone selling a home believes their place is either flawless or only has some minor cosmetic issues. They have typically worked with a realtor to come up with an asking price, and have factored the bottom line sale number that they will accept. Often, they are relocating, and that bottom line sale number is what they have to secure to purchase their next home. Often, they are already in a contract on the new house with a contingency clause of first selling their existing home. All is great until the buyer hires a home inspector who discovers that thousands of dollars are needed for repair work. Buyers then walk out of the deal, and the seller loses both the sale of their existing home and the purchase of their new one.
It happens more frequently than you might think. Never find out that your house may have significant problems at the last minute when you’re trying to negotiate a sale; this information needs to be known before your house hits the market. The International Association of Certified Home Inspectors (InterNACHI) has a pre-sale certification program available through its inspectors where you can get your home pre-listing certified and even include a sign for your yard. This certification shows potential buyers that you care.
For pre-sale certified home inspectors in Gay, WV, reach out to Leading Edge Home Inspections, LLC. We strive to accurately represent your property and help you make confident decisions based on facts and not opinions. We provide mold testing, indoor air quality testing, septic inspections, and other home inspection services. To learn more about the services we offer, please click here. For a free quotation or to get in touch with us, please click here.