Scott Ellis | Loan Officer

Homeside Financial

  • Home
  • About
  • Blog
  • Resources
    • First Time Buyer Tips
    • First Time Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • Mortgage FAQ
  • Apply
    • Short Form
    • Full Application
  • Contact Us
You are here: Home / Home Buyer Tips / Buying a House or Condo? Why the Home Inspection Process is One You Won’t Want to Skimp On

Buying a House or Condo? Why the Home Inspection Process is One You Won’t Want to Skimp On

July 18, 2014 by Scott Ellis

Buying a House or Condo? Why the Home Inspection Process is One You Won't Want to Skimp OnOnce you have found that perfect home with the right price and every little feature you were hoping for, it’s important to keep in mind that the home has been presented in a way that accentuates its highlights and shadows any flaws. For this reason, it is crucial that you get a home inspection before completing a purchase.

Many sellers also have inspectors investigate the home in order to determine its sale value. As such, they should be aware that a prospective buyer will want to request an independent inspection to verify the findings.

Reasons For Home Inspections

If you are the one purchasing the home, getting an inspection is likely to be the most important investigation you need to perform to ensure you are getting the best value. It can also help to know what reasons each party has for requiring a home inspection.

Buyers, for example, feel peace of mind knowing the home in question is safe. They also gain the ability to negotiate in the event a problem arises from inspection, or they can request repairs first. They can also opt out if the problems that arise are too overwhelming to deal with prior to or after the purchase. Finally, buyers can learn about the kind of maintenance and upkeep be required for the home in the long run.

Sellers, on the other hand, want to make the transaction as smooth of a process as possible to prevent issues that could slow down the sale. They can also learn about any problems they need to repair before putting the house on the market, and they can determine the sale price for the transaction. Lastly, this allows the seller to prove their transparency by having an inspection report available, even though he or she should expect that the buyer should be requesting an independent home inspection regardless.

It should be evident, having an inspection conducted is vital for buyers and sellers alike; though the price might seem costly at first, it is merely a small fee that is well worth the effort to solidify a home purchase.

Finding A Home Inspector

The first thing to keep in mind is that most states lack a licensing process for those who inspect homes. If your state does not have such criteria, finding an inspector in good standing with a nationally recognized organization can help as well.

It is very important not to take a seller’s inspection report at face value, no matter what kind of reputation they may have as a person. You might not even want to accept an inspector that someone else hires since they may have a vested interest that can influence the report.

Keep in mind that a general inspector is not typically licensed to check for specific issues like gas or pests. As such, you will need to either seek someone who is licensed for a full inspection or specificaly request inspection for pests, especially for those in high risk areas. 

Filed Under: Home Buyer Tips Tagged With: Condo Inspections, Home Inspections, Inspecting a Home

Scott Ellis Profile Photo

Contact Scott


Mortgage Loan Officer

Call (312) 218-4141

NMLS #133371
I am licensed in Arizona, California, Florida, Illinois, Indiana, Michigan, Minnesota, Tennessee, Wisconsin.

Homeside Logo
Homeside Financial NMLS #1124061

Connect with Scott

How can we help?

  • This field is for validation purposes and should be left unchanged.

Browse Articles by Category

Recent Articles

  • The Type of Home You Want to Buy Determines Your Closing Cost and Here’s Why
  • What’s Ahead For Mortgage Rates This Week – August 8, 2022
  • How To Avoid Delays When Remodeling
  • The Best Ways To Get To Know Your Neighbors
Equal Housing
Scott Ellis NMLS: 133371
Licensed in AZ #0950513; CA #CA-DBO133371; FL #LO38561; IL #031.0001848; IN #29673; MI #133371; MN #MN-MLO-133371; TN; WI #133371

Licensing

An Illinois Residential Mortgage Licensee, Is Regulated by the State of Illinois Department of Financial and Professional Regulation, Division of Banking located at 100 West Randolph Street 9th Floor, Chicago IL 60601, Mortgage Banking Examinations Phone 312-793-3000

Our Location


1323 Butterfield Rd.
Downers Grove, IL 60515

Copyright © 2022 · Powered by MySMARTblog