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How having a home inspection may give you negotiating power

On Behalf of | Nov 22, 2022 | Real Estate Law

Before you agree to purchase a Pennsylvania home, you want to make sure to do your research and find out as much about the property as possible. A good way to do this is to have a home inspector perform an inspection of the home. Some people skip this step in difficult housing markets, thinking it might make their offer more appealing than someone else’s. However, failing to have a home inspection performed may come back to bite you in several key ways.

According to NerdWallet, a home inspection gives you an opportunity to identify major issues within a home that you may not be able to see with the naked eye. Having a home inspection performed is necessary and advisable for the following reasons.

It gives you peace of mind

Buying a home is a huge investment, and it is not one you want to make without doing your due diligence. A home inspection gives you an honest sense of the state of the home, giving you a chance to identify any deal-breakers before signing on the dotted line. It also helps you make the decision to purchase a particular property with confidence.

It gives you negotiating power

Another major argument for having a home inspection performed is that doing so may give you negotiating power on the home’s sale price. If the inspection turns up some sort of major defect, you have the option of trying to haggle with the seller to account for the defect and bring down the price.

While you have to pay a fee for a home inspection, the cost of the inspection may pale in comparison to the money you save by not investing in a defective home.