When you buy a house, the contract gives you time to have a home inspection completed. I’m often asked if it is necessary to have an inspection or if it is okay to waive the home inspection? In the video below, I explain my thoughts on having a home inspected when you buy a house in Colorado.
Having a home inspection when buying a house is crucial for many reasons. First, it ensures that you are aware of any potential issues with the property before you make the purchase. This can literally save you thousands of dollars in repairs if there are problems with the house in the near future.
Additionally, having a home inspection report can be used as a negotiating tool. You can use the problems identified in the repot to potentially lower the purchase price, request repairs be made before closing or ask for a concession from the home seller.
A home inspection can provide a homeowner peace of mind, knowing that you are making a well-informed decision about what is likely your largest investment.
Overall, a home inspection is a small price to pay ($500-$600) for the invaluable information and protection it provides during the home buying process.
While you do have the option to waive a home inspection, and we saw many people doing that when the market was red hot, I always suggest that the home buyers that I work with get a home inspection. I think it’s crazy to spend $400,000 or more to buy a house and not have a full inspection report.