You plan to buy a house on the market for just 15 days. It’s the perfect house with all the features you have been looking for. Thanks to your promotion, you can now afford a bigger house. With a baby on the way, you are glad you found the right Orlando real estate just in time. You approach the seller with an offer, but he is unwilling to lower the asking price.
You discuss with your spouse and conclude that if you cut back on some of your expenses, you can afford the house and keep up with the monthly payments. You still try one last time and increase your offer.
The seller asks for some time and calls you back after a week, saying he will agree to the deal if you forego a home inspection. You agree and sign the papers. After a week, you oversee the movers shifting the furniture in your new home. As you settle in, you see small problems in the house.
First, it’s the broken basement stairs. Next, the water heater stops working. Two days later, the toilet stops flushing, and the bathroom fills up with a weird smell. Things go downhill from there. You call the seller and tell him about the problems you are facing. However, he is of no help. He says, “You are the one who decided not to get a home inspection.”
You are now stuck with a fixer-upper.
This is why getting a home inspection is so important!
Things Covered Under a Home Inspection
- Central Air Conditioning System
- Heating System
- Structural Components
- Interior Plumbing
- Roof
- Electrical Systems
- Rain Gutters
- Attic (Including Insulation)
- Ceilings
- Walls
- Floors
- Foundation
- Doors and Windows
- Basement
The Home Inspection Process
The home inspection takes place when you sign the sales contract. So, you have bought the house. Windermere Florida realtors recommend that you add a clause in the contract that states if the home inspection reveals major repairs the seller lied about, the deal will be off, and the seller will have to return the earnest money.
A home inspection will protect you from purchasing a house that will cost you thousands of dollars even after buying it.
The buyer is usually the one who brings in the home inspector. As a third party, they are completely unbiased because they don’t get any commission. The assessment includes material defects that impact the value of the house.
If the inspection reveals multiple problems with the house, you can renegotiate with the seller. In this situation, you have the upper hand because you can give the buyer an ultimatum: Either accept the new offer and draft a new contract or you will back out of the deal.
Megan Dowdy Realty advises every homebuyer to get a thorough home inspection to ensure the Orlando real estate has no major repairs. Our qualified real estate agent will explain the process, which will help you have an honest conversation with the seller about the house’s condition. This will allow you to negotiate and settle on a price that makes you and the seller happy. Talk to an Orlando realtor to schedule house tours. For more information, call 407-509-9279.
