THE HOME INSPECTION After both parties have signed the purchase agreement, it’s time to get a home inspection. A home inspection is not typically required to buy a home, but it is strongly recommended. In some cases, it may be a contingency on your purchase agreement, meaning it must take place, or the deal will be void. WHY GET A HOME INSPECTION A home inspection is a thorough examination of the property that identifies the home’s structural and mechanical condition and points out any needed repairs. On average, an inspection costs between $300 and $500, although cost varies depending on the location, age, and size of the house. While a home inspection will cost you a small sum of money up front, it can help you know what you’re buying. For instance, if the property needs major repairs, an inspection will help you know ahead of time. Keep in mind, you may be able to negotiate with the seller to pay for repairs.
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