Home Inspections for Buyers
In instances where a seller has already had an inspection conducted, the buyer may choose not to have an inspection done themselves. Alternatively they could use the same home inspector who worked for the seller and have them make sure any necessary repairs have been satisfactorily completed. Buyers wishing to cover all eventualities may wish to proceed with having another home inspection done to ensure no damage occurred to the home after the first inspection.
In situations where the seller did not have an inspection performed, buyers should always obtain one because failure to do so leaves them with the legally challenging task of proving in court that the seller purposefully withheld information from them. Some states regard the buyer's failure to order an inspection as a tacit agreement to accept a house "as is." Regardless of state specific laws, pursuing sellers in court is both costly and time consuming.
People using FHA-backed mortgages should utilize home inspectors because FHA appraisers will not accept homes in need of repairs that pertain to safety and sanitation. Older roofs may be likely to need repairs within two years, old septic tanks and corroded electrical wiring are examples of things the FHA will not accept. If the sellers are unwilling to pay for extensive repairs, it is less expensive to rule out buying a home after a $200 inspection than after a $400 FHA appraisal.
Home seller liability and buyer home inspection reports and liabilities vary from state to state, but whenever an inspection occurs, it brings clarity to a home sale and more often than not absolves both the seller and buyer of liability.