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The last thing you want when buying a home is to fall into a money pit. Here are three ways to avoid that:
- Have and attend the inspection. We really encourage this, and we actually have you sign multiple documents that say for your protection, get a home inspection. You want a set of third party expert eyes on that property before closing the deal. Be sure you read the reports and disclosures.
- If there’s anything you get back in writing, make sure you look over those things. Most inspectors will give you a honey-do list with things like a door that catches or a crack in the sidewalk. During a home inspection, you are looking for major repair items.
- Get multiple bids on needed repairs. If there’s something major, make a few phone calls and get bids to know exactly what you’re looking at for repairs and updates that might go along with it. Does the sale price justify these things?
- Prioritize price reductions and credits over seller repairs. Look at the list from the inspector and see if the price that you’re paying works out with the numbers and make sure you’re getting a good deal.
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Attend the inspection.
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Finally, make sure you’ve got a buyer’s agent that’s fighting for you. They’ll guide you through the necessary steps with your best interests in mind.
