The pre purchase home inspection (buyer’s) is a standard part of the real estate transaction. This is the type of home inspection most people are familiar with. It accounts for approximately 90 to 95% of all home inspections.
The main purpose behind this type of inspection is to ensure that there are no major deficiencies that would cause you to change your mind about buying the house. Typically a pre purchase home inspection would be entered into the offer as a condition to the sale. This condition can be waived or exercised based on the results of the home inspection. Having this knowledge before you proceed with finalizing the sales transaction, allows you, the home buyer, to make an informed buying decision. The inspection report you get afterwards is a very helpful and detailed document.
Benefits Of A Home Inspection Report
If there happens to be any defects that would end up being more costly, you can then approach the seller and ask that they address these concerns before you move forward with finalizing the sale. If the seller doesn’t care to fix the defects, you could attempt to ask for a reduced selling price. Otherwise, for the most part, the inspection report simply becomes a to-do list for when you move in.
For Sale By Owner - Buyer Beware?
One last scenario to be mindful of, is the home owner that is selling their house without an agent. Several home owners attempt to sell their house using Purple Bricks to try and save on some real estate fees. While that’s true for most of them that use this service, a small percentage may use it for another purpose. That purpose would be to try and trick someone into buying their house knowing there is a problem with it. The reality is, not everybody is honest. I’m not saying it will or won’t happen, but there is always the possibility.
So if you are interested in purchasing a house that is "for sale by owner", be sure to do your due diligence and get a pre purchase home inspection! Don’t be fooled by that stain on the ceiling, or the house with central air that seems to be a bit too warm. And definitely don’t say to yourself “Oh I’m sure it’s nothing”. If you want peace of mind and feel confident with your buying decision, book a pre purchase home inspection or contact Ottawa Area Home Inspections today!
Furnace Inspections are a standard component of a pre purchase home inspection.