GMAC Real Estate – Home Inspections Guide: Should All Real Estate be Inspected?
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Should All Real Estate be Inspected?

Takeaways

  • Any home you buy should be inspected.
  • If the house is a “fixer upper” the inspection lets you know what work needs to be done.
  • Even new homes could have structural or mechanical defects.

Did you know?

  • Most lenders require a home inspection.
Inspections can turn up hidden problems. Absolutely. While most lenders require a home inspection, it only makes sense to have an expert go over any new property you purchase.

When real estate is sold "as is" or as a "fixer-upper," a home inspection can give you a "heads up" on whether the property's needs are greater than its worth. Older properties need close inspection simply because of the ravages of time; however, even new homes may harbor hidden structural or mechanical defects that could turn you new purchase into a nightmare.

Generally, buyers assume the cost when they request an inspection. Often the only problems uncovered are minor cosmetic flaws or defects that are easily repaired or corrected. In the event major defects are discovered, a professional home inspection could save thousands of dollars and provide documentation for property price reductions or other concessions.


Learn More about Home Inspections

To learn more, explore the advice on Home Inspections in this section of our site, and in the advice on Buying a Home. You can also talk with a local GMAC Real Estate Office to get professional and experienced advice about working with and finding good Home Inspectors.