Things homebuyers should know.
Home inspections aren’t foolproof. There are limitations to what they can assess.3 Despite new technology like thermal imaging cameras, it’s still a visual inspection. Which means, they can’t tell you what else could be lurking behind the walls. But what the report can tell you is your future list of repairs. Knowing this, will give you the chance to negotiate with the seller to cover the cost of repairs. If that falls through, you will have to decide whether or not you have the budget for the fixes.
Potential homebuyers should also be aware that home inspectors are not responsible for the repairs. Depending on the conditions of the offer, either the seller or homebuyer will have to look for their own professional to do the repairs.
Depending on the situation and the condition of the home, don’t forget to think about the Healthy Home considerations. Things like indoor air quality, mold and Radon testing are available from the best inspectors who have trained and certified themselves to provide these services like Mike Holmes Inspections.
Finally, home inspections are optional. In a competitive marketplace, you may choose to omit the home inspection clause in order to make your offer more attractive to the seller. But by doing so, you may run the risk of inheriting some expensive problems down the road.4
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