Home Buying in Plymouth>Question Details

Anastasiya C…, Renter in 77531

My husband and I are looking to purchase a townhome built in 2003. Do we need to do a home inspection prior to purchasing it?

Asked by Anastasiya Citac, 77531 Thu Mar 11, 2010

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You never NEED an inspection. The worst that could happen if you do not get one is that you find $80k worth of problems you had no idea about. Termites, water leaks, bad initial construction all can cause problems even in 7 years.
2 votes Thank Flag Link Thu Mar 11, 2010
Ac,
In my professional opinion, ABSOLUTELY! I strongly urge my clients that buy new construction to get them as well and never had one decline. Defects, major and minor havebeen found in new construction and are easily addressed before closing. It is a very small price to pay for the huge piece of mind. Your Realtor sure could point you in the right direction on inspectors and probably could supply a list for the area to you.
Regards,
Patrick Virgilio
1 vote Thank Flag Link Thu Mar 11, 2010
Do it, but also be present when the inspection happens - ask questions about how the inspector came to a decision of rating it good average or end of life etc...., gather information from neighbors if possible about issues they have living there and have those aspects inspected more.
0 votes Thank Flag Link Tue May 22, 2012
It's always a good idea to have a professional inspection. Not all inspectors are equal in the level of quality of inspections that they do. Be sure to select a good one. Your real estate agent should be able to help you with a referral. It's a big investment so you should know what your getting. Many issues can be hidden from you and the existing owner may not even know about them.

Good Luck
0 votes Thank Flag Link Fri Mar 30, 2012
Your agent can best advise you--but yes, protect yourself and have the property inspected, it could save you a lot of money in the long run, know what you are buying beforehand.
0 votes Thank Flag Link Fri Mar 12, 2010
In response to your question about when the inspection can be done, in Minnesota many buyers write their offer contingent on a home inspection. The inspection contingency form allows you the specify the time period in which you will complete your home inspection after your offer is accepted. In theory, if you can not purchase the home for the price and conditions that are acceptable to you, you may not want to waste money on the home inspection.

The most common scenario in Minnesota transactions is to have your offer accepted with this contingency and then pay for and perform your home inspection. The contingency form also spells out the time frame to get back to the seller addressing any issues that you want to negotiate that were brought to light during the inspection. it also gives you an opportunity to cancel your purchase agreement at your option based on the inspection results.

I suggest home inspection contingencies for buyers even on newer built townhomes. Besides uncovering any issues with the home, you will learn about potential issues to watch for. Professional inspectors will provide helpful information like where the gas and water shut off valves are located, the furnace will be tested for carbon monoxide levels and the electrical panel will be evaluated. Even if the exterior of the property is maintained by an association, it is always a good idea to have it evaluated for issues that may affect your future association dues. Poor exterior maintenance may lead to future assessments by the association or higher dues down the road. I believe more information is always your best bet when making a financial investment. Good luck!
0 votes Thank Flag Link Fri Mar 12, 2010
You CAN have the inspection performed before, if the Seller is agreeable. This has some benefits, because it will allow you to prepare a better offer if you know ahead of time the condition of the property.

Of course, it could backfire because you could spend your money and not be able to make a deal after the inspection. Most contracts allow you an inspection period to make that determination. This is typically how it is done.
0 votes Thank Flag Link Fri Mar 12, 2010
Thank you for those who answered. Another question came to mind, should/can inspection be done before we submit an offer or after an offer has been accepted?
0 votes Thank Flag Link Fri Mar 12, 2010
As a Minnesota agent, you should always get an inspection so you have a better idea of exactly what you are buying. If you are not already working with an agent, I would be happy to help you through the process and of course it is at no commission expense to you.
0 votes Thank Flag Link Fri Mar 12, 2010
It is highly recommended you do. Even a home built in 2003 can have defects. A home Inspector will find any problems including small ones that can become big ones later on. It is the best couple of hundred dollars you will spend. If they do not find anything wrong, at least you will have peace of mind.
0 votes Thank Flag Link Thu Mar 11, 2010
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