Home Buyers in Arizona ask “What happened to that Phoenix Home Buying Transaction since the property is again on the market?”
It is not uncommon for a home that is up for sale to terminate its escrow. This can occur if the buyer encounters problems with the findings from the home inspection report, experiences buyer’s remorse, faces issues with financing, or cancels escrow for various other reasons.
A commonly raised question revolves around the outcome of the home inspection report for that specific property.
Regrettably, it remains a reality that there are occasions when a Phoenix home inspector’s report may be reused, whether due to an unethical real estate agent or the buyer’s misguided attempt to save time and money.
It is crucial to understand that relying on an old inspection report, especially if the individual did not hire the inspector themselves, can lead to overlooking important details. This is because there could have been significant changes in the home’s condition since the inspection that were not included in the report.
But how much can actually change in the homes condition since the original inspection and why be worried or concerned?
These changes may involve various factors such as weather incidents, the escalation of minor defects into major ones, infestations, and subsequent repairs that have been made especially if the home is occupied.
Opting to use an outdated home inspection report, regardless of its recentness, may seem like a cost-effective choice in the short term, but it is imprudent in the long run. The expense of obtaining a new inspection is relatively small compared to the overall value of the property.
It is essential to acquire an updated inspection report for any home of interest, as having the most up-to-date information is vital for making an informed decision. Avoid the risk of relying on outdated reports and instead opt for a fresh inspection to accurately assess the current condition of the home and to ensure the safety of your family and safeguard your investment.
To order your home inspection in Phoenix, AZ, Surprise, AZ, or surrounding communities in Maricopa County in Arizona
Call ATS Home Inspections 623-266-8846