Who Pays for the Home Inspection - Buyer or Seller?

Submitted by SteveWillis on Thu, 12/07/2017 - 09:57

A home inspection is an essential part of buying and selling a home. During the inspection, a certified home inspector will provide an all-encompassing examination of the home to determine its condition. This is a great way for both the buyer and the seller to establish the state of the home and make sure it doesn’t need any major repairs.

However, when it’s time to schedule a home inspection, who should pay for the inspection? Title Insurance is paid for by the seller as proof they are the rightful owners. However, the home inspection is typically paid by the buyer to determine exactly what they are buying.

This blog will put an end to the debate of who pays for the inspection.

Who Pays for the Home Inspection?

In the end, the buyer should pay for their home inspection. It’s their responsibility because they need to know exactly what they are buying. This will help assure the home really meets their requirements. (Buyer beware).

Sometimes, the seller will pay for a pre listing inspection. This will allow them to prepare for what the buyers inspection may disclose. A pre listing inspection also makes the house more attractive to buyers in the market. By paying for an inspector to come out and verify the house is in good condition (or not), helps establish the true value of the house. If the house needs a new roof, this may affect the listing price.

Even though the seller had the home inspected, it is best if the buyer also gets an inspection. Taking the sellers inspection at face value may be a critical mistake. Perhaps the inspection was done by a friend to make the home appear in better condition than it really is. It is best to have the inspector working directly for you, rather than a third party. The seller should pay for his own inspection regardless if the home has been previously inspected.

Also some home loans, like FHA loans, require the home inspection as part of the buying process. This generally occurs with HUD homes. In this case, it’s not up for debate, but instead required that the homebuyer pays for the service.

Find a Certified Inspector

An essential part of setting up a home inspection is finding a trusted, certified home inspector. Willis Home Inspection is a proud member of ASHI (American Society of Home Inspectors) and provides home inspections in Colorado Springs and El Paso County.

If you’re ready to schedule that home inspection, or you would like to know more about the basics to a home inspection, give Steve Willis of Willis Home Inspection a call at 719-499-3221.

Submitted by SteveWillis on Thu, 12/07/2017 - 09:57