If you’re buying a home, especially a first home, it’s critical to ensure you get an inspection of the home before purchase. While touring the home, even with a Realtor, may give you peace of mind about the transaction, a qualified home inspector can perform a thorough job and identify possible hazards that you may miss during a routine walkthrough.
What’s great about the home inspection process is that there are clear ways you can structure it to your advantage, advantages your agent should make clear to you. Usually, the inspection occurs after the seller accepts your inspection contingent offer; this means that you’re happy with the home, but should any issues arise during the inspection process, you’re free to renegotiate with the seller. The buyer typically pays for a contingent inspection, although you may be able to negotiate to recover these funds during the closing process if the inspection is successful. If critical issues are discovered, the buyer has the option to discuss the issues with the seller, and ask that required repairs be made before purchase. If the seller is unwilling to correct these issues, you may be able to negotiate for a lower selling price, with the expectation that the buyer will be taking care of the repairs on their own.
Home inspections cover a variety of potential issues with your home, including termite damage, roof damage, leaky plumbing, damp basements, obsolete electrical systems and more. Since so many potential pitfalls exist, choosing a reputable home inspector is of the utmost importance. At Covenant Realty, we work with some of the most distinguished professionals in the Dallas real estate market, and would be happy to recommend reliable inspectors, as well as other professionals that may be needed throughout the process. If you’re buying real estate in Dallas, Richardson, Plano, Frisco or elsewhere in DFW, let us know and we’d be happy to serve you and those you care about. Working by referral in the Dallas, Richardson, Plano, Allen and Frisco area is a privilege and we are fired up to offer truly exceptional service to our loyal family of clients. We would love to work with you if you appreciate the value in the way we work and sound like your kind of company.