Questioning if you should skip the home inspection?

On Behalf of | Dec 23, 2020 | Real Estate Transactions |

The year 2020 has changed the way many people in Louisiana and elsewhere approach the homebuying process. A lot of it is done virtually now as opposed to in-person, which is okay but not for everything. The home inspection is something that cannot be done properly via video call. This has some people considering skipping the home inspection altogether and hoping for the best.

Yes, a home inspection is optional. However, this doesn’t mean it is something to which one should say no. A home inspector can take a closer look at a home, which may uncover some significant problems that may not be apparent on a quick video or an in-person tour of the property. These problems could end up costing the buyer a lot in repairs in the long-run. It just isn’t worth it.

Not only is a home inspection something one should not skip, but an inspection contingency is also something one may want to make sure is included in the purchase agreement. With this contingency in place, the buyer will have the ability to walk away from the sale without penalty if issues are found during the inspection. If the buyer still wants to pursue the sale, he or she may be able to negotiate a price reduction or request that the owner fix the problems before the purchase goes through.

Buying a home is one of the most significant investments a person will make in his or her lifetime. No one wants to get stuck with a lemon simply because they chose to forgo a home inspection or insist on certain contingencies being included in the purchase agreement. Homebuyers in Louisiana can turn to legal counsel to draft or review contract terms to ensure they are fully protected should problems with the property be found before closing.