Most home buyers typically have a home inspection done after they have successfully made an offer to buy a house. This is what is called a (buyer’s) pre purchase home inspection. Few buyers realize that they can order a home inspection before offering a bid. There are several special situations that can call for a pre offer home inspection. The seller’s cooperation is a sign that they are serious about selling and likely to negotiate.
When market conditions favor the home seller, this will mean higher price tags and multiple offers. Presenting a strong offer allows you to better compete against other buyers. In order for you to have a chance at having your offer accepted, you’ll have to forego most, if not all conditions. One way to sweeten the deal is to present an offer that is not based on adequate inspection results. A pre offer home inspection gives you the information you need before you attempt to make an offer. This way you won’t take the next step unless the house is worth buying in its current condition.
Sometimes a seller will list a home “as-is”. Their intention is to complete the sale without making any repairs, or reduce the price because of its current condition. Normally an inspection contingency would give you a way out if the inspection results were inadequate. A pre offer inspection saves you the time and hassle of negotiating an offer on a home you’ll wind up not purchasing because it’s in poor repair.
It is likely that the cost of a home inspection will limit the number of inspections you will order. But, you can more than make up the cost by using a pre offer inspection to justify a lower price offer. You can also bring in a professional contractor at the same time if you feel the need to do so. Having a renovation estimate gives you more evidence to help support your offer.