You've searched and searched and found just the right home for you! But this isn't the end of your journey, although you are almost there.
One of the next, most important steps, before the paperwork goes through is your home inspection. Unfortunately, with a the real estate market in Idaho being so hot, many buyers are forgoing home inspections. While some might say this can provide for a timing advantage on closing on the property, skipping the home inspection is not the best move as it can reveal major hazards within your new home.
But, do I NEED one?
Maybe, maybe not, but it's still probably a good idea. While most newer homes especially won't have any problems, especially if you are buying an older home there may be some problem areas to address. If there are major issues in the home it can cost thousands of dollars down the road - why take that chance when you can become aware of them prior to closing. The contingency put in place by your realtor is used in case the home inspection reveals issues, leaving the you (the buyer) the chance to back out within an allotted time frame or to renegotiate an offer. Having the inspection done can save you money on the closing as well as keep you from having more costs later.
What does the home inspection look at?
Your realtor should be able to recommend a provider of quality home inspectors in your area; a thorough home inspection will reveal a lot about your property even if there are no real problems found. Typically, depending on the size of the home, an inspection will take just 2-3 hours. While services vary, your home inspector will generally look at:
• Attics and basements
• Structural components
• HVAC systems
• Windows and doors
• Electrical systems
• Interior plumbing
Purchasing a home is one of the largest financial decisions that you will make in your lifetime. So, having a full picture of the house prior to closing on your new home can help make sure you can be confident in the property you will own without worry.