So you’ve found your dream home and you’re ready to sign the paperwork, but not before getting a home inspection. After all, getting an inspection from a qualified professional is absolutely essential when you want to make sure there are no unwelcome issues with the foundation, electric, plumbing, or other systems in your new home.
But one question remains: Who should pay for the home inspection?
This is one of the most common questions when it comes to working out the fine details of any home negotiation and below, we have the answers you’ve been searching for to seal the deal on your new home.
In Most Cases, Buyers Pay for the Inspection
While the nationwide average cost of a home inspection is approximately $450, inspections can cost upwards of $1,000 in areas of New York and sometimes less than the average in less populated areas. But no matter the exact cost, a home inspection is a pricey necessity that leaves buyers wondering if they should be stuck with the bill.
However, it is the buyers who traditionally pay for the inspection.
After all, it’s in their best interest to ensure that there are no issues with the home. Or, if the inspection does reveal issues, it gives buyers the ability to negotiate the price on the home due to the cost of any necessary repairs. As such, a home inspection can actually end up saving you money should you find major issues and prevent you from getting stuck with the bill for these repairs.
Sellers Do Pay for Some Inspections
Just like it’s most common for the buyers to pay for the home inspection, it’s also common for sellers to pay for other inspections.
For example, most sellers will pay for termite inspections and sometimes even well, water, or septic inspections if necessary. This alleviates some costs from buyers and gives further reassurance that the home is in proper condition for the next owners.
Everything is Negotiable
If you’re looking for a definitive answer to this question, you’ll probably find the answer “everything is negotiable” on most resources you find. And in fact, everything is negotiable.
In some cases, the sellers will pay for a home inspection. But if you’re looking for ultimate peace of mind in one of the most significant transactions of your life, it’s best to hire your own professional for the inspection.
If You’re Ready to Purchase a Home, United Real Estate Can Help
Whether you’ve found your dream home and need assistance scheduling the inspection or are ready to begin the hunt for your next home, United Real Estate can help.
Our position as a national leader in the real estate industry gives us both the experience and expertise to handle your unique needs. Contact us to find your dream home, today!