When you look to buy a home in Florida, your chances of finding one you love depend on many factors, including the state of the market in your area and how high mortgage rates currently are. If you are facing a highly competitive real estate market, you may consider taking steps to make your own offer more appealing than those you are competing against. Be wary, though, of waiving a home inspection, which some potential buyers do to make their offers appear more attractive.
Per Realtor.com, there are several key reasons to have a home inspection. Here are two reasons it makes sense to have a home inspection done on any home you wish to purchase.
It helps you identify problems
Not all issues within a home are easily visible. The main point of a home inspection is to give you a sense of the state of a home. A home inspector examines parts of a home you may not be able to see, potentially saving you a hefty sum by identifying issues with the foundation, infestations, plumbing problems or similar concerns. Having a home inspection done helps you avoid buying a home only to find out it has major defects sometime later.
It gives you negotiating power
A home inspection report may also give you negotiating power with the seller. However, how much negotiating power it gives you might depend on how many other people have expressed interest in the same property. However, you may be able to use your home inspection report findings to ask for a lower price or to ask the seller to make some or all necessary repairs.
While a home inspection does involve an upfront cost, it has the potential to save you a substantial amount of money in the long run.