The Hidden Risks of Skipping Home Inspections: Real Stories From First-Time Home Buyers

We’ve seen a fair amount of what can happen when first-time home buyers skip getting a home inspection in order to help them close the deal on a home they really want. Today, we’re sharing some stories that highlight the importance of having an idea of the condition of what you are buying.

Mysterious Water Damage

A Couple, excited about their first home, called to set up an inspection with us and then called to cancel it. They said they were going to go ahead and waive the home inspection in order to speed up the closing process in this competitive market. They  mentioned that once they closed on the home, would have us come out to complete an inspection. Shortly after moving in, they noticed some discoloration on the living room walls. It turned out to be extensive water damage from a hidden leak in the plumbing. They ultimately did have us come out, but the repair costs were substantial for them. These expenses most definitely could have been avoided and potentially  negotiated with the seller prior to closing, if they known they existed.

Buyer’s Remorse

A buyer paid case for a condo thinking they would refinance and obtain insurance after the purchase. The new owner tried to refinance after the purchase and was told they needed to have a 4 Point Inspection in order to get insurance. The 4 Point Inspection showed that the condo had a Federal Panel, Aluminum Wiring, and Polybutylene Plumbing. All of these are known to be faulty for fire hazards and plumbing leaks. The buyer could not refinance, could not get insurance, and now had to pay between $30,000-$40,000 in repairs. 

Pest Infestation

Another gentleman wanted to purchase an older home that had been newly renovated. He mentioned that the home was charming and had the modern look he had always wanted. Shortly after moving in, he discovered a severe termite infestation in the wooden structure of the home. The cost of extermination and repairs was heavy.

DIY Disaster

A young woman wanted to purchase an older home that had been extensively renovated by the previous owner. She were eager to move in and decided not to get an inspection as there had been so much updating done to the home and she didn’t see the need. After moving in, she discovered that much of the plumbing and electrical work had been done incorrectly and was now causing problems within the home. She asked us to come out and complete an inspection. Her concerns were founded and she ended up having to pay for the home to be replumbed and repairs done to the electrical work. This situation was hard for us to see as she had already stretched her budget to get into the home of her dreams.

Bottom Line

Always get a home inspection and choose someone who is qualified. You are investing a lot of money in your purchase. You should know what you’re buying.

We Are Here To Help

Feel free to call us if you have questions at 407-319-4608. You may also schedule your inspection or find additional information on our website.