Buying or selling a home involves many steps. One key step is the home inspection. A professional inspector checks the house’s condition, looking at the roof, plumbing, and electrical systems. But who pays for this inspection? Is it the buyer or the seller? Here are the answers to questions and provide clear, useful information about home inspections. It’s written in simple language to help everyone understand.
What Is a Home Inspection?
A home inspection is a detailed check of a property’s condition. A licensed inspector examines major systems and components, such as:
- Structure: Foundation, walls, and roof.
- Systems: Electrical, plumbing, heating, and cooling.
- Interior: Floors, ceilings, windows, and doors.
- Exterior: Siding, gutters, and drainage.
The inspection helps buyers know if the home has issues before they buy. It also helps sellers understand what might need fixing. According to Zillow, 78% of buyers include an inspection contingency in their offers, showing how common this step is.
Who Pays for the Home Inspection?
In most cases, the buyer pays for the home inspection. This is because the inspection is mainly for their benefit. It ensures they know the home’s condition before finalizing the purchase. By paying, buyers can choose a trusted inspector for an unbiased report, as explained by Angi.
However, sellers might pay in some situations:
- Pre-Listing Inspection: Some sellers get an inspection before listing their home. This helps them find and fix issues early, making the property more attractive. The seller covers this cost.
- Buyer’s Market: In a market favoring buyers, sellers might pay for the buyer’s inspection to close the deal faster, per Redfin.
- Negotiation: Buyers can sometimes negotiate for the seller to pay, but this is rare.
In standard transactions, the buyer schedules and pays for the inspection after their offer is accepted.
How Much Does a Home Inspection Cost?
The cost of a home inspection varies based on factors like:
- Home Size: Larger homes take longer to inspect, increasing costs.
- Location: Prices differ by region due to demand and living costs.
- Inspector Experience: More experienced inspectors may charge more.
Here’s a breakdown of typical costs:
| Inspection Type | Cost Range | Notes |
|---|---|---|
| Standard Inspection | $300–$500 | Covers major systems; most common for buyers. |
| Pre-Listing Inspection | $300–$500 | Paid by sellers to identify issues early. |
| Specialized Inspections | $100–$715 | For issues like radon ($145–$715), pests (~$100), or septic ($250–$500). |
The national average is around $350, but costs can reach $700 for large or complex homes, according to HomeLight. Buyers pay the inspector directly, not through closing costs.
Image Suggestion: Include a graphic showing a cost breakdown table for visual clarity.
When Does the Home Inspection Happen?
The inspection usually happens after the seller accepts the buyer’s offer but before the sale closes. This period, called the due diligence or inspection contingency period, allows buyers to assess the property. Buyers should schedule the inspection quickly to have time to review the report and negotiate, as advised by List with Clever.
An inspection contingency in the contract lets buyers back out if major issues are found, protecting their investment.
What Does a Home Inspection Include?
A standard home inspection covers the home’s major systems, as listed earlier. However, it may not include:
- Pests: Termites or rodents require a separate pest inspection.
- Environmental Issues: Mold, radon, asbestos, or lead paint need specialized tests.
- Appliances: Some inspectors don’t check items like refrigerators.
Specialized inspections, often recommended after the standard inspection, are usually paid by the buyer. For example, a radon test costs $145–$715, per HomeLight.
Table of Specialized Inspections:
| Inspection Type | Cost Range | Purpose |
|---|---|---|
| Radon | $145–$715 | Checks for harmful gas levels. |
| Pest/Termite | ~$100 | Identifies infestations. |
| Septic | $250–$500 | Evaluates septic system condition. |
External Link Suggestion: Link to the American Society of Home Inspectors (ASHI) for a checklist of what inspections cover.
What Happens After the Inspection?
The inspector provides a detailed report listing any issues, such as a leaky roof or faulty wiring. Buyers can then:
- Negotiate Repairs: Ask the seller to fix issues before closing.
- Request a Price Reduction: Seek a lower price to cover repair costs.
- Walk Away: If problems are too severe, buyers can exit the deal with an inspection contingency.
Sellers may agree to repairs or adjust the price, especially if issues are significant. For example, a seller might pay $12,000 for rewiring, as noted in HomeLight.
Frequently Asked Questions
Is a Home Inspection Required?
No, it’s not legally required, but it’s highly recommended. Most buyers get one to avoid unexpected repair costs, per Real Estate Witch.
Can the Seller Be Present During the Inspection?
Sellers are usually advised to stay away so buyers and inspectors can discuss findings freely. However, some sellers may attend, depending on local practices.
What If Major Issues Are Found?
Buyers can negotiate repairs, request a price cut, or back out if the issues are too costly, provided there’s an inspection contingency.
How Long Does an Inspection Take?
It typically takes 2–4 hours, depending on the home’s size and condition, according to OpenHouse Insurance.
Who Chooses the Inspector?
The buyer chooses the inspector since they pay and rely on the report for decision-making.
Conclusion
The buyer typically pays for the home inspection, costing $300–$500, to ensure they’re making a sound investment. Sellers may pay for pre-listing inspections or in specific market conditions. The inspection, done after an offer is accepted, covers major systems and can lead to negotiations if issues are found. Understanding this process helps both buyers and sellers make informed decisions.
For more resources, visit:
- National Association of Certified Home Inspectors (NACHI)
- ASHI Standards of Practice