Real estate purchases are often one of the most expensive transactions someone will make throughout the duration of their life. Due to this fact, it is not always an easy process and can be intimidating for those who are purchasing a home.
One of the most important things you can do to protect yourself financially is to have a professional home inspection completed on the property.
You should consider a professional home inspection whether you are buying, selling, or remortgaging your home. All of these transactions rely on the market and the condition of your home, something that is not always what it appears to the untrained eye.
Here are some of the reasons why a professional home inspection may be the best decision you make.
If you are ready to purchase a home, it is likely that you have been saving for many years and have worked hard to get your finances in order. That’s why it is extremely important to make sure you get the most for your hard-earned money and have a professional home inspection completed before you sign the papers.
A home inspection will uncover some of the unexpected issues and necessary repairs that you may need to make either now or further down the road. This will also increase buyer confidence if you are selling your home, as potential buyers are more likely to be willing to make the purchase if they know that they won’t be sinking a significant amount of money into those unexpected repairs.
If you are planning on selling or remortgaging your home it is important to have an accurate valuation of what you will realistically be able to get. Many mortgage companies might even ask you to provide details of this inspection to take into consideration. The inspection could reveal damages that bring down the total value of your property, which could disrupt your plans, or it could indicate a higher value if your assets are in good condition. From a buyers perspective, an inspection report can provide leverage in your price negotiation.
When you are buying or selling a home, the real estate lawyers at Chown Cairns will help make sure you are protected throughout the transaction. They are highly experienced and provide the guidance required to protect you from costly mistakes. Do not take a chance on your future, and make sure that this major transaction is in the best hands possible.