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Andrew Duncan, Tampa Bay's #1 Realtor and expert talks to David Diaz of Waterstone Mortgage about mistakes buyers make based on emotion instead of math and economics when dealing with home inspection issues.
So many buyers go into the home inspection process completely unprepared and uninformed about what to expect. Buyers need to realize they are buying a used product, a home that has been lived in. It will have some things wrong with it so they have to factor in what it needs vs the price. Buyers often expect a clean inspection but that is not the reality.
Although a home inspection is not required, it is highly recommended to have one because the buyer will know what needs to be done, repaired or replaced in the house. It is more about making sure there is nothing major wrong with the home like if the roof is shot or there's a sinkhole, termite infestation or more.
They talk about how they've seen buyers cancel the contract over minor findings in inspection reports but in the long run would cost them more as home prices and interest rates go up.
To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.
So many buyers go into the home inspection process completely unprepared and uninformed about what to expect. Buyers need to realize they are buying a used product, a home that has been lived in. It will have some things wrong with it so they have to factor in what it needs vs the price. Buyers often expect a clean inspection but that is not the reality.
Although a home inspection is not required, it is highly recommended to have one because the buyer will know what needs to be done, repaired or replaced in the house. It is more about making sure there is nothing major wrong with the home like if the roof is shot or there's a sinkhole, termite infestation or more.
They talk about how they've seen buyers cancel the contract over minor findings in inspection reports but in the long run would cost them more as home prices and interest rates go up.
To get more Tampa Bay Real Estate news and advice from Tampa Bay's #1 Realtor, tune in to The Duncan Duo Real Estate Show on 970 WFLA - Tampa Bay every Sundays at 10 am.
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