Who Pays For Inspections When Buying A House?

4 October 2019
 Categories: Real Estate, Blog


When a real estate transaction occurs, there is a buyer and a seller, and each party will be responsible to pay for certain parts of the transaction. If you are attempting to buy or sell real estate and are wondering who pays for the inspections for the house, here are a few things you should know about how this normally works.

Seller typically pays if they are required inspections

Certain inspections are required by lenders, and the required inspections vary depending on the type of loan program the buyer is using to make the purchase. When the inspections are mandatory, the person selling the house will typically be responsible to pay these. An example of one that is commonly required is a septic inspection. This is normally required for all loan types, and the seller is the person who usually pays for this inspection.

Buyer typically pays if they are not required

There are also a lot of other types of inspections you can get but that are not required. An example of this is a home inspection. This type of inspection is not always required, but it is something that many buyers choose to get for their own protection. When an inspection is not required for the loan, the buyer is usually responsible to pay for it.

Seller is usually responsible for paying for repairs if needed

If any of the inspections find issues with the home, such as a bad septic system, a worn-out roof, or a problem with the furnace, the seller will usually be responsible to pay for fixing the problem; however, this is not always the case.

Buyer is responsible for adding contingencies to contract

It is up to the person buying the house to protect him or herself in the deal by including the right types of contingencies. For example, if the buyer wants the seller to pay for all the inspections, including the ones the buyer would normally pay for, the buyer could ask for this in the purchase offer. If the seller agrees, then the seller must pay for all of them. The buyer should also include that if problems are found, the seller is responsible to pay for the repairs. If the seller agrees to this, then he or she must pay for them in order for the deal to go through.

It is important to hire a real estate agent when buying a house or selling one, as your agent will be the person helping you through the entire deal.


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