Are Home Inspections Mandatory When Buying a House?

If you’ve signed a home purchase contract, a crucial step before finalizing the sale is to consider a professional home inspection. A home inspection contingency is your chance to explore the property more closely and discover any significant problems that have to be addressed before purchasing the house.

home Inspection

However, many people also want to know whether or not home inspections are mandatory when buying a home. Read on to learn why you need a home inspection when buying a house.

Are Home Inspection Required for a Mortgage?

A mortgage is basically a loan that is applied for a home purchase. Home inspections are usually not necessarily required to attain a mortgage. However, it may be required, depending on certain factors including the type of mortgage you’re applying for and the particular bank that will be dispensing your loan. Most banks will strongly encourage a home inspection. Therefore, a home inspection is an optional process that you can choose for yourself.

Why Get a Home Inspection When Buying a House?

The American Society of Home Inspectors (ASHI), reports that each year, the numbers of home inspections are on an increase with above 90 percent of home deals involving a home inspection. This figure includes both seller-based and buyer-based inspections, and it surely indicates the importance of home inspections in the home buying process.

Before concluding your home purchase deal, you will have an opportunity to get the property inspected. This inspection is exclusively intended for the buyer’s benefit as it provides a clear image of the property’s condition and detects items that might need repair. Getting a professional inspection done by an expert will give you a definite edge, if problems are detected, at the time of closing the deal with the seller. However, if you don't get a home inspection, all the problems, unfortunately, will become yours. Home inspections usually includes inspecting the condition of the following items:

  • Heating system
  • Air conditioning system
  • Water heater
  • Interior plumbing
  • Electrical system
  • Walls
  • Ceilings
  • Floors
  • Attic
  • Roof
  • Windows
  • Foundation and basement

Many home inspectors also provide additional services like, energy audits, testing for mold, radon, and water quality. After the home inspection, the inspector delivers a written report of the outcome to the prospective buyer who then makes an informed decision about whether or not to buy the property. A home inspection that exposes serious flaws will enable you to back out of the deal without penalty. It will also empower you to ask the seller to consider repairs before concluding the sale. Therefore, helping you save money and avoid any possible issues.

Conclusion

Considering the impact that home inspections have on the actual home value, you should make a home purchase decision, only after you get a home inspector's report. If your home inspection report comes back clean, you can continue with the sale with confidence. Otherwise, you can decrease your offer, ask the seller to pay for repairs, or even withdraw the contract altogether.

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Worthy Inspection Services, LLC

Worthy Inspection Services provides complete and affordable home inspection services in Central Washington. Our goal is to provide exceptional home maintenance and inspection services while maintaining quality, integrity and convenience. We are committed to providing honest, unbiased information to help our clients make an informed decision about their property.

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