Are inspections just a giveaway for buyers?

Dated: March 6 2021

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Aside from identifying problems that might affect the value of a property, home inspections help buyers to make the emotional transition into being homeowners. By looking closely at their soon-to-be home and getting expert opinions about which things are broken or might need to be replaced in the next few years, buyers gradually assume responsibility for the house’s upkeep. When they list the fixes they would like the seller to perform before close of escrow, they’re also identifying whatever is less than perfect that they don’t expect the seller to correct. Since buyers select and pay for the inspectors, the information produced by inspections belongs to the buyers—both legally and emotionally. 

These things work together to help ensure that the transfer of ownership at the close of escrow is complete and clean—both legally and emotionally. That greatly reduces the risk of any legal problems after the deal is complete. Inspections are a key element of a successful transaction, with benefits for both buyers and sellers.

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DAVID DUNLAP

As a residential real estate executive with an extensive background in corporate marketing, I am able to apply unusually strong skills in marketing communications, e-marketing, strategic planning and ....

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