Home inspections are your Pre-purchase Exams..Get one! Whenever I am considering purchasing a new young mare as a potential polo prospect, I ALWAYS get a Pre-purchase Vet Exam. 
I am the odd man out in the horse world as most trainers skip this step. I cannot image why. Sure, it costs you some money out of your pocket (A vet exam is approx $750)..no matter if the horse passes the vet exam or not, but the savings are in the LONG RUN. As we say in the industry..no foot, no horse. It's the seemingly small things (hooves in this case), that can destroy any profits at the back end.
Exactly the same concept with a Home Inspection. NEVER pass on the opportunity to see what's behind the wizard's curtain. If you KNOW what the reality of the situation is, you can make an intelligent, fully-educated decision whether to go forward with the purchase, or cancel and walk away..with money in your pocket. Jingle-jangle..
I just opened Escrow on an REO that had fallen out of Escrow two times in the past 60 days due to loans falling out. Two previous home inspections had been performed. My Buyers told me they didn't see why they should spend "another $350 when there were already inspections done, and we can just look at those..."
"Well", I agreed. "I guess we can take those two inspector's word for it, but what if they missed something? What if they're a friend of the past buyer, buyer's agent, Bank, Asset Mgr...how do we KNOW? We can only KNOW what OUR neutral inspector reports to us. We will be there when he does the inspection, we will ask any questions we want to, you can point things out and question their construction or use. Why would you try to save $350 now, when that $350 could cost you tens of thousands in repairs in a couple years?"
We got our Home Inspected. Don't think short term. That $350 could be the absolute BEST real estate investment you have ever made!
Doesn't that cupcake look fantabulous????? It could be sawdust in inside..break it open to check for sure! Appearances can often be deceiving..
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