Buyers

 

Buying a home may be the most expensive purchase most of us will ever make. For a few hundred dollars you can hire the services of a certified home inspector to get a good idea of the homes physical condition. Most states require that the purchase and sales agreement have a clause allowing you the right to have the home inspected to your satisfaction or get a full refund of your deposit. Exercising this right is definitely in your best interest. Large and costly problems may be brought to your attention during the home inspection leaving you in a position to renegotiate the terms of the sale or just walk away. You may prefer to have the seller make repairs, or you may negotiate a price reduction. There may be other options but the choice will be yours. You will be in a far more difficult position if problems are discovered after the inspection period has ended or the escrow is closed. Remember: Buyer beware. If the time allowed for the inspection period and home inspection is unrealistic, then insist on having it extended.

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