Imagine you’ve found the house you want, and it’s perfect for you and your family. You examine the house, talk to the owners, think it over, and decide how much you will offer. Surely, at this late stage there will be no surprises right?
Actually, you may be in for a big surprise if you assume that everything is alright with the property. Have you seen The Money Pit? In it a young couple buy a house for what they think is a good price, but the house is riddled with problems. Just looking at a house wouldn’t tell you if the wiring is shot, or that the floor beneath the bathtub is rotted through. When buying a home, seeing an inspection report before making an offer is helpful and prudent.