Featured News 2016 Who Pays for the Home Inspection?

Who Pays for the Home Inspection?

If you are about to purchase your first home, you may be wondering, "Does the seller or the buyer pay for the home inspection?" Usually, it is the buyer who pays for the home inspection because they are the one that benefits from this service. However, that does not mean that a buyer cannot convince the seller to pay for the inspection. That would not be outside the realm of possibilities.

Some realtors contend that it's ideal for the seller and the buyer to have inspections completed, in which case each party would bear the cost of their own inspection.

If a seller wants to make their home even more marketable, they would ensure that they had a proper inspection and a pest control report before they put the house up on the market.

Buyers Should Always Have an Inspection

Regardless of what the seller does, the buyer should always have an inspection done to protect themselves. If possible, it's beneficial to hire an inspector with a background as a contractor, engineer, or architect as this experience helps them tremendously.

When you hire an inspector, make sure they are certified by a state organization, such as the California Real Estate Inspection Association (CREIA) as well as the nationally recognized American Society of Home Inspectors.

A thorough home inspection can catch something in need of major repairs, which would be a deal-breaker. Buyers can leverage these issues for bargaining if they strongly desire to buy a specific home.

Unfortunately, if you happen to live in a small town and the same inspector just wrote up an inspection on the same property for another potential buyer on the same house, you would still have to pay him or her for the same exact inspection, even if they already received payment from the other potential buyers.

For further information about home inspections, use this directory to find a real estate attorney who can provide the advice you need!

Related News:

Spotting Common Real Estate Scams

You and your spouse may be considering buying a new home. Perhaps you are looking to upgrade because you just received the news that you are having a baby and need more space, or maybe you just got a ...
Read More »

Why Buyers Want Termite Inspections

If you're buying a house for the first time, you're going to learn about the need for a termite inspection. Termites are virtually invisible, they are silent, and have the ability to cause ...
Read More »

Timeshare Law and Reselling Scams: What You Need to Know

When you purchase a timeshare, you are essentially buying an interest in a vacation property that you will share with others who also purchase timeshares. The companies that sell these timeshares are ...
Read More »