Waiving a Home Inspection vs. Waiving the Home Inspection Contingency

Never waive a home inspection. Not ever! In today’s competitive market it is normal to hear that waiving a home inspection tends to help sweeten the offer and improve your chances of winning. Let’s make sure that we know the difference between waiving the inspection vs waiving the home inspection contingency. When you agree to waive the home inspection contingency you are agreeing to accept the property in “as is” condition. (This strategy should be discussed in more depth with your Realtor or a Real Estate Attorney. There are many moving parts and not all buyers are positioned financially to do this.)

You should still have a home inspection even if you can not use it for remedies or negotiating. Why? Because should something present itself that makes you want to walk away you technically still can. Also, you can use the findings to prepare a “to do” list for your new property.

A home inspection is a non invasive visual inspection of the property. Your home inspector will look over the house’s electrical, plumbing, and HVAC systems, as well as the roof, foundation, attic, and other structures, to look for any potential problems. These inspections also involve a thorough examination of the home’s appliances to ensure that they are in good working conditions.

The Risks Involved And Potential Costs Of Waiving A Home Inspection

If you’re trying to buy a house in a competitive market and your offers are getting rejected, you might feel compelled to take drastic actions. Remember if you waive an inspection you essentially are gambling on your purchase. At least with a proper home inspection you will be positioned better to know what to expect. The property may appear to be in good condition to the typical buyer. However what you can not see or are not trained to see is typically where trouble and expenses can arise.

You don’t want to buy a home without having it thoroughly inspected, no matter how desperately you want it. Most buyers will not be able to detect asbestos, nor would they notice symptoms of a termite infestation. Not to mention the difference in cracks in your basement walls which could really be a costly expense.

What Can a Home Inspection Do For You?

The Columbus housing market is hot! And if your working with an agent that referred Grand View Property Inspections you are easily working with one of the best in the city. However it is easy to get frustrated. And you might not be able to see or think properly when you’re in the middle of a bidding war.

Just remember that you can lose a lot of money if you skip an inspection. Having an inspection can bring to light some issues that might be immediate. And it can provide you with an out should you need it. A home inspection can also help you prepare and budget for home maintenance. An article on cnbc.com showed that 3 out of 4 new home buyers face unexpected repair costs in the first year.

Avoid buyers remorse and instead prepare for upcoming expenses that come with home ownership by getting a quality home inspection.

If you waive your inspection contingency you incur full financial liability for whatever condition the property is in and whatever repairs are required. Sometimes the solution is straightforward and affordable. However, if your difficulties are severe, what you don’t know could add thousands, if not tens of thousands, to the total cost of purchasing the property.

Final Words

Ultimately if you need to waive the inspection contingency to win the bidding war you should still have an inspection done. Repeat after me… Never Waive A Home Inspection! The inspection should be included in your contract for “informational purposes”. Doing so will allow you to have a general idea of what to expect in regards to maintenance and safety concerns once you take possession of the property. Having an inspection also provides you an out should something substantial present itself.  As always consult with your agent or attorney as everyones situation is different. The only thing that does not change is your need to have an inspection done.

5 Tips Every Home Buyer Should Know

Purchasing a home is one of the most important purchases in life. It carries with it both financial and psychological weight, whether you’re buying your first house or looking to move up into that dream place; there are ground rules for success when conducting this transaction which must be understood so as not to make any poor decisions along the way. Therefore we compiled a list of the 5 Tips Every Home Buyer Should Know from polling local Columbus Ohio real estate agents.

A bad decision can have devastating consequences while making wise choices only enhances how good things turn out later down the road.

When buying a home it’s often best to use a systematic approach, as this can help you be sure that all decisions are based on information and reason. Buying property is an emotional process- don’t let your emotions take control!

Five Ground Rules to Follow When Buying a Home or 5 Tips Every Home Buyer Should Know:

They’re not hard, but they need some attention for new buyers who may be unfamiliar with the process or uncertain of what is best for them:

1. Find Financing Before You Start Finding Your Home

2. You’re Buying Into The Community, Not Just The Home

3. Make Sure Your First Offer Is Fair For All Parties

4. Always Remember Your Families Safety & Finances

5. Don’t Alienate The Sellers Of The Home

Find Financing Before You Start Finding Your Home

Losing out on the perfect home is often due to not being able to secure funding. While this desire for a new place can be understandable, it’s important you line up your financing before starting shopping around–especially since there are so many advantages in securing an approved loan ahead of time!

When buying a new house, it is important to take time and research the various types of mortgages that are available. There are more than just 15 or 30-year options these days! Potential home buyers need to know how each type works in order to figure out which is best for them before they start their search.

You’re Buying Into The Community, Not Just The Home

It is important to consider the entire community, not just one house. This is important because it can be hard for people moving into an unfamiliar area to know what they’ll like about living there without considering all aspects of their surroundings – from schools and neighborhoods close by as well as the distance to work or shopping options.

We all know that location is key when it comes to real estate, and no mistake should be made. Whether you’re buying a house or looking for your dream home in the right area–location matters most! Potential buyers can learn about different neighborhoods simply by driving around town as well as talking with locals who live there already.

Make Sure Your First Offer Is Fair For All Parties

When buying a house, it’s important to make sure that you’re not overpaying or underbidding. One of the best ways for buyers is by comparing their offers with what are known as “comps” – similarly priced homes in an area that have already sold recently.

Trying lowballing on deals can backfire if similar houses weren’t brought up during negotiations so this should be taken into account before making any first advances towards sellers.

Always Remember Your Families Safety & Finances

The two questions that haunt every home buyer are:

Is this home safe for my family?

Is this home a safe purchase for my family?

When it comes to knowing if a home is safe for your family, and your finances, nobody is better than a professional home inspector.

Home inspectors help you make sure the home is safe. You can then buy with confidence, knowing that there are no hidden dangers lurking in the walls or under the floorboards.

A home inspector will examine your property from top to bottom and identify any issues that need correcting before you move in. From checking for structural integrity to looking for pests or old wiring, a home inspection will give you peace of mind when buying your dream house. It’s also an opportunity to learn about what needs doing on this new property – so it’s really worth paying attention! If you’re ready to schedule one now feel free to click this link here!

Don’t Alienate The Sellers Of The Home

Real estate transactions are always tough, but they can be made smoother if the buyer and seller have a good working relationship. It is important for buyers to avoid alienating their sellers by nitpicking every little detail during inspection or negotiations; this will only cause resentment between them which may lead you down an unfortunate path of bad deals in future sales situations. A successful realtor knows how crucial it is to keep positive vibes alive through all aspects of these processes.

Grand View Property Inspections is now Heart State Inspections.

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Heart State Inspections is the Top Choice For A Fairfield County Home Inspector

#1 – WE ARE LOCAL

Heart State Inspections is a local and family-owned home inspection company. We are a Fairfield County Ohio Home Inspector that also serves most of the surrounding counties as well. Local means better customer service from start to finish. We care deeply about our neighbors and our community. When you choose us you get a certified professional home inspector that is based right here in Central Ohio. We have inspected many homes in the cities of Lancaster, Pickerington, Carrol, Amanda and Baltimore.

#2 – WE ARE AN UP AND COMING INDUSTRY LEADER

We are a leader within the central Ohio home inspection industry. It is our main priority to serve our customers by providing outstanding competency and integrity in our experience with you. Education is the foundation of our organization. We empower homebuyers to purchase with confidence and Realtors trust our unbiased inspections.

#3 – ABOVE AND BEYOND THE INSPECTION

We promise to go above and beyond the State of Ohio Standards of Practice! Our inspections cover what the State of Ohio requires. More importantly they also provide information and safety concerns as if our family was moving in to the property. We want you to feel confident with your purchase and to allow your new home to be a place of safety and security. Let us be your Madison County Home Inspector.

WHAT TO EXPECT FROM A HOME INSPECTION WITH US

First, you can expect a thorough, well-executed home inspection. Secondly, you will receive a thorough home inspection report that is stocked with purposeful images and useful information. This will allow you to make the most informed decision on your new home. We are licensed by the State of Ohio. More importantly we also have a background in hospitality meaning you are our main focus. The home will tell us it’s story and it is our job to tell that story to you in easy to understand terminology. Our experience is just the beginning, learn more about us here.

If you’re a Realtor, and we have yet to work together, let’s schedule a meeting. It only takes one meeting or one inspection with us to realize why we belong on your top 3 referral list.

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