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The Value of a Home Inspection 

Buying a home is probably the single largest investment you'll ever make, and you want to ensure you get the best value for your hard-earned dollar. That's why more and more buyers today are opting for professional Home Inspections.  Prospective home buyers, especially first timers with less experience than a repeat buyer, may not always be able to anticipate potential problems down the line.  Here’s where the Home Inspector can help. 

A qualified professional Home Inspector takes a close look at the structural, electrical, mechanical, plumbing, heating and cooling systems and components and then prepares a detailed written report for the prospective buyer on what repair and maintenance work is required now, or is likely to arise in the near future, as well as help you estimate how much this work might cost.  Your Coldwell Banker real estate professional can help you connect with an experienced and qualified Home Inspection service in your community. 

Although costs will vary, you can probably expect to spend between $300 - $500 for an inspection of a single family home, depending on the size and complexity of the inspection.  Who pays for it?  Well, since the benefit of a home inspection is almost entirely that of the buyer, it is generally the buyer who pays the full cost.  All things considered, it's a small price to pay for the peace of mind it provides, and the negotiating power it can give you as an informed buyer - especially if the inspection indicates that there are serious deficiencies and major repairs required.  Under such circumstances, you may still decide to proceed with your offer, but take the cost of the upcoming repairs into consideration when you decide on your offer price.  

When it comes to making your offer to purchase, your Coldwell Banker Coburn Realty sales professional can advise you how to allow for a satisfactory home inspection as a condition of your offer. A home inspection can be arranged either before your offer is submitted, or after your conditional offer is accepted by the seller.  If the conditional offer is accepted, you can get the inspection done and review the report before you’re locked in.  More importantly, you have a legal escape route if the report turns up some major negative surprises, such as a bad roof or a crumbling foundation.

Other inspections may be necessary, including if applicable, well and septic and other required inspections specific to the property.  Your Coldwell Banker Coburn Realty sales professional can counsel you further on the best approach to suit your market and your individual situation.