Home Inspection or Rejection
The right to conduct a home inspection is spelled out in your purchase agreement, and is the responsibility of the buyer. Guidelines and details for the types of inspections are also covered in the purchase agreement. Both the buyer and seller agree to the terms of an offer, therefore the home inspection will impact both parties.
Keep in mind that “if” you are competing with another buyer and they waive the right to have a home inspection, there is a strong incentive for the seller to accept that offer. Does this mean that you should waive your rights to a home inspection? Certainly not without a clear understanding of how that decision could impact you after you have moved into the home.
Home inspections cost money and some buyers are financially qualifying for a home with a bare minimum of cash reserves. Because of this, it is common for a buyer to ask the seller for closing cost assistance. If the seller agrees it will allow the buyer to purchase the home with money provided by the seller for inspections, appraisal and other costs. However, these funds are not paid by the seller unless the buyer completes the purchase of the home.
It is important to feel confident about the property you are preparing to purchase. Review the Sellers Disclosure and a copy of the actual listing and ask questions. If the age of the sewer line is not known, many times you can call the city offices and find out additional details about any permits that were issued against the property, and if those permits were “closed out” by city officials. As a Realtor, if I represent an aspect of a home without documentation and you rely on that statement as accurate, then shame on both of us.
Items that you might want inspected are detailed in the Purchase Agreement, or in the Consumer Guide published by the State of South Dakota. Both documents are provided on this site. Remember, ask questions! You may feel hesitant about asking questions about the home, however you are signing documents that are committing you to a major purchase.
Your Realtor cannot steer you toward having inspections or rejecting inspections, the decision is yours to choose or refuse. We can help you in understanding the types of inspections offered and their importance. This choice can make a difference in loving or hating your new home.
Let me help you understand the home buying and selling processes. Feel free to contact me with any questions. My goal is to provide clarity and understanding, that is part of my commitment to my profession. I am here to help you with homes, land, investment properties and more.
Give me a call today at (605) 381-1665.