FAQ ~ Should I Save Money and Skip the Home Inspection?

By
Real Estate Broker/Owner with MoonDancer Realty, Dillsboro,NC NC# 218097

FAQOnce in a while, we will work with a buyer who will ask us “Should I save money and skip the Home Inspection?”.

The question obviously gets asked often enough that the North Carolina Real Estate Commission developed a brochure specifically to provide buyers called Questions and Answers On Home Inspections.

The only time it might make sense to avoid hiring a Home Inspector would be if you yourself was a General Contractor holding licenses as an electrician, plumber, chimney sweep and possibly were also a structural engineer…not likely, right?

For a cost of approximately $300-$350, it usually takes a good Home Inspector just a couple of hours to give a thorough examination of everything from outside drainage, foundation, electrical systems, plumbing, appliances, crawlspaces, basements & attics to the chimney and roof. Doesn’t it just make sense that if the Inspector discovered an issue of enough magnitude that it might affect your decision to purchase the house, that spending $350 would be a good investment? Wouldn’t it be very unfortunate to purchase a home without an inspection only to discover a disastrous issue caused by ancient leaking plumbing or an electrical fire because the wiring is ancient and unsafe? There might be thousands of dollars worth of repairs necessary to protect your investment.

If a Home Inspector discovers significant issues, it doesn’t automatically mean that you should forego this purchase. It could be an opportunity to re-negotiate to either have the repairs made or to receive monetary consideration to have the repairs done at your convenience.

MoonDancer Realty will NEVER advise a buyer to avoid inspections. We will always recommend that the buyer spend the money and have the home inspection…always.

 

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MoonDancer Realty Team Photo Collage copyright 2012 Mona Gersky

 

 

Unless noted otherwise, all photographs & content are my own and will only be shared with the courtesy of a written request for permission. 

 

 

   

Tree Dude Border 1 copyright 2012 Mona Gersky

Tree Dude Border 2 copyright 2012 Mona Gersky

 

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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Perfect advice and if they elect not to have an inspection...get it in writing.

Margaret

Jun 05, 2012 01:17 PM #1
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Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Margaret, you've got that right!

Jun 05, 2012 01:22 PM #2
Rainmaker
2,474,843
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Skipping an inspection is a horror movie waiting to happen >:[ (Vampire smiley)

Jun 05, 2012 01:33 PM #3
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656,238
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

Hi Mona, I remember during the "crazy years" that people felt like they had to agree to as-is and waive the inspection in order to have a chance. I never liked it and always had them sign off on it. It's just not smart and could actually cost a lot of money unless, of course, buyer is a general contractor.

Jun 05, 2012 01:58 PM #4
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Mimi Foster
FALCON PROPERTY SOLUTIONS - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Hello, sweet Mona.  I have an agent that was sued by a previous buyer because she said he told her she didn't need one, when in fact she told him she couldn't afford one.  Now we have all of our agents sign an Inspection Waiver if their clients insist on not having an inspection done.  Great post!

Jun 05, 2012 02:58 PM #5
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Not a wise choice to skip the home inspection.................that could be a disaster waiting to happen.

Jun 05, 2012 08:04 PM #6
Rainmaker
799,188
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Good advise Mona-for the low price you get a lot of important info and a good bargaining tool as well sometimes.

Jun 05, 2012 08:35 PM #7
Rainmaker
2,380,963
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Suggest a home inspection and should they say no, confirm it in writing. That way when they get amnesia in court, you can jog their memory! Enhoy your day!

Jun 05, 2012 08:49 PM #8
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Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Laura, I like the vampire smiley!  Skipping the inspection is a very bad gamble, I think.

Andrea, exactly and how many buyers are actually general contractors?  Not many, I think.

Mimi, what a wonderful surprise...I've missed seeing your little diagonal photo.  We always want to go on record as having suggested a Home Inspection.  Then, its up to the buyer but it is a great idea for them to go on record as having declined under their own volition.

Roger, seems like if you can't afford the inspection...you can't afford the house and the consequences.

Marco, that's exactly right.  I'd rather spend $350 and decide not to buy the house then spend $300,000 and live with a house needing repairs.

Wayne...you crack me up  "amnesia in court". LOL

Jun 05, 2012 09:41 PM #9
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Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Agent

Mona~ The Foerster Team agrees! We always recommend a home inspection.  This is not a good place to "save money".  Not having a home inspection could end up costing you far more money than the actual inspection cost.  Don't skimp here.  

Jun 06, 2012 02:01 AM #10
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Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Donna, I get very nervous when a buyer decides against a home inspection.  Some may well be smarter than me when it comes to really looking at the "guts" of a house, but I'd still prefer that they get one.

Jun 06, 2012 02:47 AM #11
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