Depending on what state you are buying in there are different laws. I would never ever get an inspection prior to the offer. What happens when you get an inspection done and they never even accept your offer?? You waste the $500-600 on the inspection. After your offer is accepted and through attorney review you have 10 days to get an inspection. If there are problems with the inspection than you can either back out of the contract or have the seller fix the certain items.
let's say you do the inspection before you make an offer.
another person could make an offer before you complete the inspection
or worse
another person makes an offer and it is accepted on the house after you have paid for the inspection.
make an offer on the house contingent on a home inspection, make it so after the inspection you can either walk away or lower your asking price.
also fire your current agent, he/she should have educated you on all this before you even thought about it as an option
another person could make an offer before you complete the inspection
or worse
another person makes an offer and it is accepted on the house after you have paid for the inspection.
make an offer on the house contingent on a home inspection, make it so after the inspection you can either walk away or lower your asking price.
also fire your current agent, he/she should have educated you on all this before you even thought about it as an option
You simply wold not get a house inspected before you have an accepted offer.
This is what contingencies are designed for.
You can certainly place an offer waiving inspection, which would be more inviting for the seller, and then get an inspection for your own peace of mind or knowledge after an accepted offer. But then you are stuck with whatever fails/needs fixing and the cost to replace/fix is on you.
This is what contingencies are designed for.
You can certainly place an offer waiving inspection, which would be more inviting for the seller, and then get an inspection for your own peace of mind or knowledge after an accepted offer. But then you are stuck with whatever fails/needs fixing and the cost to replace/fix is on you.
You could offer less depending on the results of the inspection, but its still a waste of money.
It is unnecessary until after an accepted offer. Your putting yourself out there to lose the inspection cost.
The realtor has put a price on the house him and the sellers feel is market value. If you like the house, put in an offer contingent on inspection. Problem solved. When the inspection comes back that it needs 10k or work, then you negotiate.
It's the biggest investment you'll be making in your life. Don't skimp on not getting an inspection to save yourself a few hundred dollars. As someone mentioned above a good inspector will find out what's wrong. Could turn out to be minor stuff and you can sleep at night Otherwise, you could be walking into a money pit.
No reason to do the inspection before the offer, sounds like a waste of money. When I bought my house it wasn't until my 7th offer on a property, that I got accepted because there was so many people making offers. If you wait on a good property at a good price, it wont be there by the time you get an inspection.
Let me add....once an offer has been accepted to the liking of the sellers, it will be harder for them to walk from the sale after you bring up what needs to be repaired before P&S. They will realize that the issues found will haunt them no matter what and they will need to address these issues before selling their house, not just to you, but anybody.
well, you wouldn't need to get one "pre-offer". that's a waste. Besides you have contingency periods after contract so you can still back out if you can't come to an agreement on the repairs. Now if you're waiving contingencies as part of your offer then you're showing the seller your surrendering your "outs" technically taking the home as-is
Make your offer, you most likely will go back and forth before agreeing then have your inspection done. At this point you will almost certainly have the option get out if need be or adjust your offer based on the inspection. No longer do you offer earnest money either, those days are long gone.
ok after more thinking the one way you would inspect the home BEFORE an offer is if you know that the buyer is going to be getting several offers at some point in the future... like if you know the owner and you know he is putting it on the market in 2 weeks.
you can get your inspection now then when it goes on the market you can make your offer based on your inspection and also not have an inspection contingency... any other offers that come in will for sure have one... this might make your offer more attractive
you can get your inspection now then when it goes on the market you can make your offer based on your inspection and also not have an inspection contingency... any other offers that come in will for sure have one... this might make your offer more attractive
Its uncommon to get an inspection prior to making an offer. If you're hell bent on getting one then go ahead. I guess your advantage is you would know the condition of the home prior to making an offer. if you plan on doing it prior to every offer you'll make, then you are definitely throwing money away.
