Who pays to have a home inspected, the seller or the buyer? I have heard conflicting opinions on this issue.
2007-02-27 16:40:55 · 12 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
My uncle is a home inspector, and it is always the buyer that pays for the inspection. This is because the bank that is loaning the person the money to buy the house, wants to ensure that it's not going to fall apart and therefor be worth nothing.
2007-02-27 16:45:19 · answer #1 · answered by Dixon 2 · 3⤊ 0⤋
I just bought a home in October of 2006. The home inspection was an option. You can pay for a certified building inspector to inspect the home or have friends and family to do it. I would suggest hiring a professional. They do a more through inspection and are liable up to the amount of the inspection. You do get a detailed report of the condition of your house and can prove useful later for the insurance company. The buyer should pay for this unless you have negotiated this in the contract.
2007-02-28 01:45:05 · answer #2 · answered by sellandtrade 4 · 2⤊ 0⤋
I used to be a Realtor for Century 21, and another. It does go both ways. But mainly the buyer pays. It is negotible. But the buyer can do a walkthrough, and the home inspector does a walkthrough and can answer questions. The buyer is interested if they want to buy the house, they can pay for the inspection. Some case there were no inspections. Find out if you NEED one first. Do your own walkthrough, make a list, take expert, or friend, look at foundation, pipes, open cabinets, look for leaks, hidden things, people will hide things behind curtains and furniture.
2007-02-28 00:47:29 · answer #3 · answered by Anonymous · 2⤊ 2⤋
The buyer, unless it is otherwise negotiated that the seller will pay the closing costs, etc.
I think the reasoning behind this may be because the inspector should be unbiased to the seller. The inspector needs to feel free to disclose all flaws in the home.
2007-02-28 00:46:18 · answer #4 · answered by T H 4 · 1⤊ 0⤋
It is negotiable. Either side may feel that they want a person under their own pay to represent their interests. The buyers want to know any problems. The sellers want to demonstrate what they knew or did not before the sale. It is worth the cost for both parties.
2007-02-28 00:48:10 · answer #5 · answered by San Diego Art Nut 6 · 1⤊ 0⤋
Usually the buyers unless you negotiate with the sellers to do it. You are better to hire for yourself as the buyer to be safe though.
2007-02-28 00:43:53 · answer #6 · answered by Jennifer L 4 · 1⤊ 0⤋
The buyer pays if the house is for sale. The owner pays if they are doing a refinance.
2007-02-28 00:45:37 · answer #7 · answered by annazzz1966 6 · 0⤊ 0⤋
the buyer. It is in your best interest to have it done and for your contract offer to be contingent on it being in acceptable shape after the inspection.
2007-02-28 00:43:57 · answer #8 · answered by Anonymous · 2⤊ 1⤋
The buyer does.
2007-02-28 06:45:34 · answer #9 · answered by KathyS 7 · 0⤊ 0⤋
The buyer if the seller is cheap.
The seller if they are loaded.
2007-02-28 00:43:49 · answer #10 · answered by Santa Barbara 7 · 0⤊ 1⤋