Home Inspections, Worth it or Waste of Money?
Ok, my husband and I are buying our first home, and as with most other first time homebuyers, it is a costly endeavor. One thing we have been going back and forth on is the home inspection. The realtor didn't act as though it was necessary, but recommended. All estimates we have gotten are $300+ dollars, and with all of the other expenses added in, some things just need to be cut out. Is a home inspection NECESSARY? It is a 2004 in a well maintained condition, so I am having trouble believing anything is horribly wrong with the home. Also, the home is As-is, so even if the inspection comes up with something wrong, it wont matter to the bank, it is for informational purposes only. We also would not back out of the contact unless there is something really wrong with the house because we are already getting a wonderful price for a beautiful home. So as long as the roof isnt going to collapse in a year or something along those lines, we dont much care if they say an outlet cover is loose, or whatnot. So, should we suck it up and get the home inspection or pass on it? Edit: Thank you everyone! I will definately be getting an inspection. And in case it wasnt clear, the inspection was a contingency, hence why I said (We also would not back out of the contact...) WE CAN back out if the inspection reveals something we don't like.