Lions Realty Group
Taunee English, Lions Realty Group
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What You Need to Know About Inspections

by Taunee English 02/23/2020

Image by mohamed Hassan from Pixabay

As you move forward with your home purchase, your real estate agent may recommend that you have your home inspected. Sometimes the inspection is required by the lender or insurance company, but sometimes it’s an optional step. Buyers who have the option sometimes consider skipping the inspection to save a little cash. Before you say “no” to the inspection, consider these reasons that it may be an important safety measure to take.

1. The Ability to Walk Away

When buying a home, you want to be completely sure that you’re not buying a home with problems that will cost you thousands after closing. Making an offer contingent on the results of an inspection allows you to legally walk away from your purchase contract if the inspector finds a serious issue. Without an inspection and this contingency, your offer is legally binding, and walking away is a costly choice.

2. Ensure Your Home Is Safe

Home inspectors know how to find problems that aren’t clear to the naked eye. From electrical wiring problems to hidden mold or problems with the home’s structure, knowing about these issues will protect you from buying a home that’s not safe to live in.

3. Improve Your Negotiating Position

If the inspection finds something wrong with the home that will be costly to fix, you can still buy the home if you wish. Armed with the information from the inspection, you can ask the seller to make repairs or give you a different price to cover the problems found. For instance, if the roof is in need of major repair, you can make a new offer that requires the seller to make those repairs, or you can offer at a lower price, using the difference to cover the repairs. Your real estate agent will help you understand the requests that are reasonable as you craft a new offer.

4. Enjoy Peace of Mind

A home inspection gives you peace of mind that you are buying a quality home. When the inspector gives it a stamp of approval, you can know that you are unlikely to have serious surprises when you move in.

5. Find Pest Problems

You don’t want to move in only to discover termites or roaches in the home. Pests can often go undetected until a serious infestation is present, but an inspector knows how to find the hidden signs of pests. Finding pests doesn’t mean you need to avoid the home, but it does mean you should ask the seller for professional pest control measures before you close on the property.

An inspection is an important step when buying a home. The cost of the inspection is small in comparison to the peace of mind and protection it brings. Even if it’s not required, make sure you request an inspection on your next home purchase.

About the Author
Author

Taunee English

Taunee English is both a Principal Real Estate Broker and a Business Broker of Lions Realty Group Dba Business Caretaker Inc

She is a third-year award winning Real Estate Broker experienced in Trust and Probate transactions. Taunee is deeply passionate about helping families after a loved one has passed away because she had personally experienced the unexpected challenges of settling both Probate and Trust estates for her family. 

Besides representing families as their Realtor, Taunee also has acted in the capacity of Personal Representative/ Administrator and Successor Trustee of Probate and Trust Estates for both family members and clients due to her 20+ years of experience in real estate, accounting, business management and trust administration. She was an Enrolled Agent certified by the Internal Revenue Service as a Tax Specialist and ran a CPA firm for six years before starting Business Caretaker Inc., with a Real Estate Division - “Lions Realty Group” and Business Brokering and Management Division - “The Business Caretaker”.

Taunee proudly served our country and is an U.S. Naval Veteran.

As devoted as she is to our country, she is AS devoted to the IMPORTANCE of EDUCATION and has over eight Real Estate Designations which includes: Certified Probate Real Estate Specialist, Seniors Real Estate Specialist, Certified Negotiation Expert and National Commercial Real Estate Advisor designation. She provides monthly real estate educational classes as Chair of Professional Development Committee at Beverly Hills/ Greater Los Angeles Association of Realtors®. At the state level, Taunee is a State Director of California Association of Realtors® and serves on the committees: Taxation and Government Finance, Investment Housing, Education and Communications Advisory Committee.

A side note, Taunee is a avid fan of Shark Tank which has earned her three social media titles of #1 Fan of Barbara Corcoran ,#1 Fan of Marc Cuban and Shark Tank Social Media Guru.