specialized home inspections that could potentially reveal issues that a general inspection might not. It’s especially important to have these specialized inspections done if the report from the initial inspection recommends them; however, you should opt to have them done regardless — despite the initial upfront cost. In the grand scheme of things, insofar as homeownership goes, it’s really a small price to pay. It will be worth it in the end for peace of mind, and to protect yourself in the event any major issues are uncovered, revealing your perfect, glossy, shiny house to be not-so-shiny after all. Then you will at least be armed with the knowledge, and knowledge is power! Remember, as a buyer, you hold the power, and you can use the knowledge to determine what to do next.
WHEN TO WALK AWAY
If, after the home inspection is complete, significant problems are revealed that will be a) a structural, safety, or health concern; b) too time-consuming or expensive for you to fix; or c) unhelpful in getting you a better/lower deal in the negotiation process, then you and agent might determine that in the end, it’s not worth it and not the home for you after all. In fact, professionals recommend that you should, in fact, cancel the deal if you can’t buy the home you want, on the conditions you want, and for the money you have. This is okay. It’s okay to walk away if you aren’t comfortable. Don’t sign for something that you know will cost you down the road, and/or that will cause you more frustration and problem than it’s worth. In the following chapter, we will discuss more about when and how to walk away from a deal.
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