Minneapolis Minnesota Real Estate Blog

Downtown Minneapolis Condos: Buyers Sometimes Wonder Are Home Inspections Worth The Money?

Have you ever wondered if home inspections are worth the money? According to Downtown Minneapolis Condos real estate agent Mike Weiland, the answer is emphatically YES.  There are so many great reasons to have an inspection, but there is a lot of risk if you don't have one.

The reason for having a home inspection is to get a detailed idea about the overall condition of the Downtown Minneapolis Condos home you are considering buying.  This will include all of the major components all the way down to the doorbell, and everything in between.  In fact, you will be shown things that you would never consider checking.

If a problem is discovered that requires attention then you will have the opportunity to enlist an expert as to how extensive the repair will be.  This eliminates any defects being hidden by the sellers- either intentionally or unintentionally.  Without an inspection you would be required to take the seller to court and prove that they knowingly sold the home with a problem.  The burden of proof would be up to you.

When the inspection is complete you should receive a written, detailed report that analyzes every part of the home.  It will highlight every area of concern, from current problems to potential ones.  This is an invaluable tool to decide if the home is worth the money you are willing to pay.  Unless you are a trained inspector yourself there is no way you can completely check every part of the home.

Your highest priority is finding a good inspector.  You can easily find an inspector, but a good one is another thing.  You want to make sure that they are certified with Downtown Minneapolis Condos guidelines.  They should belong to at least one certification agency that specifies guidelines that should be followed.  And it is imperative that they are bonded and insured.

When you have an inspection you should expect it to last approximately 3 to 4 hours, if properly conducted.  This isn't an unreasonable amount of time to have the home checked out thoroughly. In most states, if a problem is found and you feel that it is a deal breaker for you then you will the opportunity to back out of the contract.  Of course, your Downtown Minneapolis Condos real estate should be able to advise you on this.

There is a lot of free information available to you about buying, selling or investing in  Minneapolis Condos or Minneapolis Lofts. For complete information about the Downtown Minneapolis condo market including current condos lofts for sale, values, and more please visit the most complete website online www.LivingInDowntownMinneapolis.com dedicated to everything Downtown Minneapolis Condos.  Contact Mike Weiland & Elke Stephan of The Weiland Group of Keller Williams with any of your real estate or mortgage related questions by filling out the form below.

P.S. Free weekly list of Downtown Minneapolis Condos including private listings and foreclosures in the most popular locations call the 24 Hour Recorded Information Hotline Now for details...1-888-391-9039 Ext. 126 or visit www.LivingInDowntownMinneapolis.com.