Home inspectors are hired to perform an objective evaluation of a home’s condition, but at times, their discoveries can prompt the buyer to terminate a sale contract. Between rising home costs, low inventory and the prevalence of all-cash offers, potential home buyers will readily tell you: It’s rough out there. So if you’re lucky enough to find an affordable house you like, you may feel the pressure to make an offer right away.
Not so fast.
Before you put down that deposit, don’t forget to carefully inspect the home—even if it appears to be in good condition. “Looks can be deceiving,” says Leslie Piper, a consumer housing specialist for Realtor.com.
Of course, there are some flaws you can ignore, like outdated appliances and misguided paint choices. But there are others that might be true deal breakers. And if you overlook the wrong ones, your new home can quickly become a money pit.