Home Buyers Who Buy Houses Without A Home Inspection Should Do One After Closing!


Home Buyers Who Buy Houses Without A Home Inspection Should Do One After Closing!
By Scott Rogers • April 7, 2022
On many, many, recent offers on properties I have listed for sale buyers have not been including home inspection contingencies. This seems, in many circumstances, to be the only way to (hopefully) make your offer competitive enough to (hopefully) win out when there are multiple other offers in this frenzied seller's market. In a more balanced market, there are two general outcomes of a buyer having hired a home inspector to conduct a home inspection... [1] First, a buyer affirms their decision to buy based on new information gleaned during a home inspection that they did not know when viewing the house prior to making an offer. If the new information causes them to see the house in a significantly different light, they may very well ask the seller to make some repairs, reduce the price or they might decide not to proceed with the purchase. [2] Second, a buyer typically learns a lot more about the house than they knew before the home inspection. Even if the new information that they learn does not cause them to decide not to buy and does not cause them to try to renegotiate contract terms with the seller, it still helps them to understand what types of future home improvement or preventative maintenance they should anticipate in coming months and years. Given this second factor, particularly, my strong recommendation to home buyers in this current, frenzied market, is to hire a home inspector to inspect your home after you close on the purchase. You are likely to gain additional information and insight into the condition and systems of your home that will serve you well throughout your ownership of the property for years to come! Receive Updates by Email Recent Articles: Recent Rises In Inventory Levels In Context How Many Homes Are Selling For Less Than The List Price? Interstate 81 Through Harrisonburg Will Be Expanded Soon, But Will It Have Sound Barriers? Sample Mortgage Payments In September 2023 Fewer Homes Are Selling, Though Prices Keep Rising, And Now Inventory Levels Are Rising Too!? Major Travel Center Proposed To Include 75,000 SF Building, 673 Parking Spots, 120 Gas Pumps, 24 Tesla Chargers Just Outside Mount Crawford If Your Home Has Not Sold We Should Look At What Buyers Are Actually Buying Home Buyers Might Not Request Showings Of Your Home With Minutes. Gasp! Going, Going, Gone. Make An Offer Before That House Is Under Contract. Price Changes, Even If Small, Can Remind Buyers That You Really Do Want To Sell Your Home
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Sep 26, 2023 (unless otherwise noted).
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