Are Home Inspections Part of Closing Costs?
Here at Linkhorn Home Inspections, we understand that Home Inspections are a vital part of the home-buying process. They help to ensure that the home you are interested in purchasing is in good condition and free of any major defects. Home inspections are typically performed by licensed professionals who have the training and experience to identify potential problems with a home.
The cost of a home inspection varies depending on the size and complexity of the home but is typically between $300 and $500. Home inspection costs are often negotiable and can be included as part of the overall purchase price of the home.
Who pays for the home inspection?
The answer to this question depends on who is ordering the home inspection. If the buyer orders the home inspection, they are typically responsible for paying for the inspection. The inspection cost is typically due at the time of service.
If the seller orders the home inspection, they are usually responsible for paying for the inspection. The inspection cost is typically due at the time of service.
In some cases, the buyer and seller may split the cost of the home inspection. This is typically negotiable between the parties involved.
What is included in a home inspection?
A typical home inspection will include a visual examination of the home’s major systems and components, including the roof, foundation, framing, electrical, plumbing, heating, cooling, and insulation. The inspector will also check for any evidence of pests, water damage, or other potential problems.
The home inspector will prepare a written report that includes their findings and recommendations. The report will be given to the buyer and seller.
What if problems are found during the inspection?
If the home inspector finds any problems with the home, the buyer and seller will need to decide how to proceed. The options include:
– The buyer can ask the seller to repair the problem before closing.
– The buyer can ask the seller to provide a credit at closing to cover the cost of repairs.
– The buyer can walk away from the deal.
– The buyer and seller can negotiate a new sales price that reflects the repairs that need to be made.
Home inspections are an important part of the home-buying process. They help to ensure that the home you are interested in purchasing is in good condition and free of any major defects. Home inspection costs are often negotiable and can be included as part of the overall purchase price of the home.
If you are looking for an expert home inspector to take a look at your home, call us at (614) 260-1776 or fill out the form on our website to schedule our service. Although home inspections can sometimes feel like an extra rope to jump through, they can save you thousands of dollars in the long run. Together we can ensure your large investment is a great one!