When looking to buy real estate in a competitive market, you might be tempted to forego an inspection before closing. While it may seem like there is nothing to worry about, without an inspection, it is impossible to check the inner workings of the property. For this reason, professionals recommend always going through with a full inspection before signing on the dotted line.
3 Risks of Waiving an Inspection
Paying More Than Expected
While skipping the inspection may save you money initially, you could face bigger problems further down the road. Spending a few hundred dollars on the inspection may just save you thousands of dollars in repair fees after the fact.
Another downfall to buying real estate without an inspection is that it eliminates the opportunity to strike a deal with the seller if you find out that the home needs significant updates or repairs. Instead, you will end up paying for it out of your own pocket. If you complete the inspection before buying, you may even be able to negotiate a lower price.
When you buy real estate without an inspection, it could potentially put you and your family in danger. Your real estate agent might not be able to easily detect things like toxic mold, cracks in the foundation, or structural damage. It is best to have a licensed professional carefully look for issues such as these.
When you buy real estate, you’ll want to make sure that you get an inspection before closing. The professional real estate agents at Re/Max Real Estate Group, who offer their personalized services to the residents of Martinsburg, Charles Town, Leesburg, Harpers Ferry, and Berkley Springs, WV, will get you through the process by utilizing their expertise in the real estate business. To see their property listings, visit their website. If you would like to speak with an agent, give them a call at (303) 728-7477.