Who pays for a home inspection? How much does it cost? Hey everyone! Welcome back,
I'm Lindsay with the Wise Move AZ Team at Realty ONE Group. If you want to stay
up to date on all things Anthem and real estate then you need to hit that
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the little bell icon, so that you're the first to know when our new videos are
posted every single Thursday! If you're thinking about buying or selling a home,
you may have questions about the inspection process, and let's be honest,
at the end of the day we all want to know how much it's going to cost and who is
going to pay? As your Anthem, Arizona REALTOR®, I have been involved with a lot
of home inspections, so I will happily give you an idea of what's typical here
in Arizona. Also, at the end of this video I will give you access to our cheat
sheet of: '10 Questions to Ask a Home Inspector Before Hiring Them', so stick
around! In Arizona, it's most common for the buyer to pay out-of-pocket for home
inspections. What do I mean by that? I mean that the buyer will typically pay
for any desired inspections, whether or not the sale closes. Buyers will
typically pay the inspection companies directly and these amounts won't show up
on any closing statements. A Seller may pay for inspections in one of two unique
circumstances: #1: They decide they want to have
their home inspected prior to listing. If the seller has concerns about potential
issues with the home that may become a concern when they're under contract with
a buyer, they may opt to have the home inspected prior to listing and take care
of any major repairs. If you're buying a home that falls into this category, I
would still strongly recommend that you get your own inspections done!
#2: A seller may pay for inspections if it's negotiated into the contract. In our
industry we often say anything for the right price. What I mean by this, is that
it would be possible to negotiate having the seller pay for an inspection in the
purchase contract. If you're a buyer and you're considering going this route, keep
in mind that it can definitely make your offer less appealing to the seller and may
not get you the response that you want. Personally, I've never seen this done but
like I said, anything's negotiable! Remember, in the vast majority of cases
the buyer will pay for their own inspections of the property. So, let's
assume you're looking to buy a house. How much money do you need to set aside for
inspections? There are so many different kinds of inspections you can have done
on a property. In fact, I made a video on all the different kinds of inspections
you can have done so if that interests you at all feel free to check it out. If
you had every kind of inspection done you'd be looking at thousands of dollars,
but in reality there are a select few different inspections that we strongly
recommend our buyers get, if applicable. #1: A Professional Home
Inspection: I talked in way more detail about the general professional home
inspection in this video. so feel free to check that out! This inspection will
typically set you back about $300. #2: A an HVAC
Inspection: This is heating, ventilation, and cooling, and this inspection will run
you about $125. You may be able to skip this
inspection if the A/C is newer or if the seller can provide detailed service
records. #3: A Termite Inspection. We typically have this done
at the same time as a general professional home inspection, and it runs
you about $55. This one is really important in Arizona.
#4 A Reverse Osmosis System Inspection: If the home has an RO system you may want
to have it inspected. This will cost you about $125
#5 A Water Softener Inspection: Much like the RO system, if
the home has a water softener you may want to get it inspected. Set aside
another $125 for this one too, just to be safe. If the home doesn't have
a water softener you may want to price one out during your inspection period.
The water in Arizona is really hard! #6 A Pool Inspection: If the home
you're looking to buy has a pool, you may want to have it inspected. Set aside
$150 for this one. Remember, the types of inspections you
ought to have done depend entirely on the home you're planning to buy. You'll
be able to decide on the different inspections on a case-by-case basis and
once you receive your general inspection report you'll have a better idea of what
other professionals you may need to hire. So, there you have it! If you were to get
all of these inspections done it would cost you, the buyer, about $880.
That being said, Ialways encourage buyers to round up and
have an even $1000 readily available for inspections. If we end up spending less,
you'll be pleasantly surprised and you can put that money towards an awesome
piece of art for your new living room or something fun like that! If this feels a
bit pricey, know that I hear you, but I do still genuinely believe in the value of
these inspections. These inspections can save you thousands of dollars in repairs
down the road. When the inspectors note problems, you, with the help of your
REALTOR® can ask the sellers to correct these problems or if the problems are
just way more than you're willing to take on, you are not obligated to proceed
with the contract... thank goodness! Think about it this way, whether the inspector
discovers major problems that cause you to walk away from the deal, or it comes
back that the home is absolutely perfect, it will be money well spent because it
will give you the peace of mind of proceeding in the best possible way! Last
but not least, if you're wondering how to pick the best inspector for the job, then
you may want to pop down to the description box below and snag your
copy of our cheat sheet '10 Questions to Ask an Inspector Before Hiring Them'. I
hope this video has helped you to become a more savvy and well-informed buyer! If
you enjoyed this video, let me know by hitting that 'like' button, subscribing to
our Channel, and sharing this video with your friends! See YOU next Thursday!