The costs of a home inspection is something that can vary depending on the inspector or the house. Many people who are serious about buying a home typically have a home inspection completed. A home inspection is generally scheduled within a few days after the offer is accepted. A home inspection helps give buyers a closer look at what can possibly be wrong with the home. It can also be used by sellers to make a home more attractive to buyers!
Who Pays for the Cost of a Home Inspection?
Generally speaking the buyers of a home pay for a residential home inspection and any other specialized inspections they want to have completed. For example, if they want the house inspected for termites or radon this is usually an additional charge on top of the standard home inspection. If the buyer is buying the house and it stated in the offer it was contingent on a home inspection the buyer would be responsible for paying for the inspection unless they came to another agreement.
In some cases a seller will pay for an inspection before listing a house for sale. This is typically called a Pre-List home inspection. This is completed by serious sellers who do not want to have any hidden surprises during the sale process. Many sellers will also use this as a selling point when listing their home as they have already taken the time to have the house inspected and sometimes have already made repairs to the home. Some buyers even have their home inspected for Radon or Termites as well. This is an added selling point that they can show buyers and helps them show how serious they are with selling the home as well.
Who pays for the repairs or areas of concern on an inspection report?
Typically after a buyer has an inspection completed, if the inspection report shows major repairs the buyer will sometimes ask the seller to help pay for the repairs or begin to renegotiate the price of the property. In some cases sellers will offer to repair certain items before closing but in others they may decide to sell the house “as is” and not make any repairs.
This can truly vary with each real estate transaction and will depend on the buyers, sellers and offer made on the property. The best thing to do in this situation is discuss with your agent what items on the home inspection are the most “major” to you and then ask the seller if they will be willing to compromise on the repairs or cost of items.
How is a Home Inspection Cost Calculated?
Each home inspector will have their inspections priced differently. At Ellingwood Pro our home inspections are based on the age and square footage of the home. The price of adding on a radon and/or wood destroying organism (termite) inspection to an already scheduled residential inspection, will vary in price from just having each inspection scheduled on its own. The best thing to do when determining the price of a home inspection with Ellingwood Pro, is to use our free estimate calculator.
This will allow you to enter in the home’s address and it will automatically input the age and square footage of the home. From there the price of the inspection is calculated and you will be given the cost before booking an appointment for your inspection. We keep our pricing as transparent as possible so there are no hidden fees or surprise costs after confirming the appointment with us. An added bonus is that you can book the inspection and pay for the inspection online.
If you are in the process of buying or selling a home, be sure to talk with local home inspectors to see if a home inspection is right for you.
Have questions about home inspections with Ellingwood Pro? Give us a call at 276-566-5669. You can schedule directly online or by giving us a call. Curious about the cost of our inspections? Check out our free estimate tool on our website or by clicking here.