What is your buying strategy? Have you set up a game plan? Let's discuss one of the most important parts of buying a home, the home inspection.
Let's use buying a car as an example
Would you buy a used car without running a carfax?
Would you run it on each car you were thinking of purchasing?
Too often buyers are not prepared to have to spend money on more than one home inspection. I feel part of your game plan should include having the funds set aside for AT LEAST 3 home inspections. Why?
This is most likely the largest financial investment you are going to make.
Do you want to be in the position of having to move forward or not buy because you don't have enough set aside for another home inspection?
You are in a much stronger position to negotiate if you can walk away.
If you don't need the extra funds, you have them set aside for any improvements you'd like to make.
Just like with a car, you might not know if it's been in an accident, a flood or had a claim against it unless you run a carfax. Be prepared to invest in learning about a property BEFORE you make it your new home.