The Value of a Home Inspection
The purchase of 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 turning to professional Home Inspection experts. A professional Home Inspector takes a close look beneath a house's surface, and then prepares a detailed written report for the prospective buyer on such things as the condition of the foundation, electrical service, roof, insulation, and other critical structural factors. As your Buyer’s Agent, I can help you connect with an experienced, trusted Home Inspection service in your community.
Although costs will vary, you can probably expect to spend $200 - $300 for an inspection of a single family home. Who pays for it? Well, since the benefit is almost entirely that of the buyer, it's usually the buyer who pays the cost of the home inspection …particularly in a "hot" real estate market, where the sellers have more leverage. 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 -- especially if it indicates that there are major repairs required, but you decide to make an offer anyway.
When it comes to making your offer to purchase, I will provide you with good advice on how to allow for a home inspection as a part of this process. Subject to the homeowner's permission, you can commission a Home Inspection before or even after submitting your offer to purchase. This is done by having your
Agent prepare a conditional offer that's contingent on a Home Inspection report that's acceptable to you. This approach gives you some distinct advantages: if the conditional offer is accepted, the property is temporarily held against other offers, yet you still have a legal escape route if the report turns up some major negative surprises, such as a bad roof or a crumbling foundation. On the other hand, if the conditional offer isn't accepted, then the need to pay for a home inspection may never arise. Calgary’s market is constantly changing, so please contact me to discuss the best course strategy for incorporating a home inspection into your offer to purchase.
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