Part of the buying process is making sure you're not getting a 'lemon' of a home. The home inspection helps you ensure the quality of the home. As your Realtor, we highly recommend you choose a home inspection. It ensures you know of problems before you close and allows you to cancel the purchase contract if there are unforeseen problems.
When the home inspector completes the home inspection report, it will be your Realtor's responsibility to negotiate a discount on the purchase price of the house. We have contractors that we can recommend come in to do an evaluation of the home inspector's items and give an estimate on the cost to ?x the items.
The home inspection clause states that if the buyer and seller cannot reach a satisfactory negotiated discount, the buyer has the right to walk away from the contract with no obligation. As the buyer you would have your escrow deposit returned to you.
If you'd like more details, you can learn more about the differences between walkthrough items and home inspection items here, and you can see an actual home inspection back & forth with a client here
Professional Tip:This may be one of our most valuable tips. If you feel you need to forego a home inspection in order to win a contract, there may still be ways for you to win the bid and get at least part of the home inspection.
One option is to do a home inspection for informational purposes only. When you do this, you will not have any of the rights a home inspection affords you, but at least you'll know the status of the house before you close.Another option is to offer to pay the ?rst several thousand dollars of any home inspection items. When you do this, you’re softening the impact of the home inspection to the sellers, while still maintaining the protection a home inspection affords you if there are any major items wrong with the house— like a roof that's about to fall in!
These "Professional Tips" show you how important it is to have a Realtor representing your interests!