Karen Scopetski - Coldwell Banker Residential Brokerage-Vice President, MA real estate single family


Getting a home inspection is usually built into the purchase contract for most real estate transactions. A home inspection contingency protects the buyer from getting any unwelcome surprises after they buy the home (think water damage or an HVAC system whose days are numbered).

In some cases, home inspections are the defining moment between a sale or moving on to other options.

In today’s post, we’re going to talk about the reasons you might want to get a home inspection whether you’re buying or selling a home.

Home inspections for buyers

There’s a reason most real estate contracts come with an inspection contingency. Expensive, impending repairs on a home can greatly affect how much you’re willing to offer on a home, or if you’re willing to make an offer at all.

Some buyers opt out of an inspection. This can be done for numerous reasons. The most common reason is that the buyer has a personal relationship with the seller and has faith that they are getting the full story when it comes to the state of the house. The other reason is that a buyer is trying to gain a competitive edge over the competition on a home, sweetening the deal by waiving the inspection and paving the way for a quick sale.

Both of these reasons have their flaws. For one, the seller might not even know the full extent of the repairs a home may need and an appraisal might not catch all of the issues with a home.

Another reason a buyer may waive an inspection contingency is because the seller claims to have recently had the home inspected. While this may be true, buyers should still opt to hire their own professional. This way, they can guarantee that the inspection was done by someone who is licensed and has their best interests in mind.

Home inspections for sellers

As we’ve seen, home inspections are typically designed to protect the interest of home buyers. However, sellers also stand to gain from ordering their own home inspection.

If you’re planning on selling within the next six months to a year, it will pay off to know exactly what issues the home currently has or will have in the near future. This will give you the chance to make repairs or address issues that could cause complications with your sale. You don’t want to be on your way to closing on an offer to suddenly realize you need to pay and arrange for a new roof.

So, whether you’re a buyer or seller, home inspections can be immensely beneficial to learn more about your home or the home you’re planning on buying. It will help you be prepared to make repairs if you’re a buyer. Or, if you’re a seller, you can make a plan to negotiate repairs with the seller based on the findings of the inspection.


Ready to discover your dream home? With help from your loved ones, you may be able to accelerate your journey from homebuyer to homeowner.

Ultimately, there are many reasons to include family members and friends in your search for the perfect home, including:

1. Loved ones are happy to help you in any way they can.

Loved ones have your best interests in mind and will do whatever they can to assist you. That way, you can get extra help as you embark on the homebuying journey.

Before you begin your home search, it may prove to be helpful to meet with loved ones so that you can explain your homebuying goals to them. This will allow you to describe what you'd like to find in your dream home. Plus, meeting with loved ones gives family members and friends an opportunity to ask you questions about your home search.

If you and your loved ones are all on the same page, you'll be able to get ample support as you prepare to kick off your home search. Then, you and your loved ones can check out a broad array of houses and find one that matches or exceeds your expectations.

2. Loved ones can share their homebuying experiences with you.

For those who are entering the real estate market for the first time or have not purchased a house in several years, it may be beneficial to involve loved ones in the property buying process.

Loved ones who have recently purchased homes can provide real estate insights that you may struggle to obtain elsewhere. They can respond to your homebuying concerns and queries and help you prepare to enter the housing market.

Also, loved ones may be able to help you avoid potential pitfalls as you search for the ideal residence. Although some family members and friends may have made mistakes when they bought homes in the past, your loved ones can help you learn from their errors and ensure you can avoid various homebuying pitfalls.

3. Loved ones can help you make tough homebuying decisions.

Let's face it – the decision to buy a home is one of the biggest that an individual may make in his or her lifetime. As such, the decision to purchase a home is not one that should be taken lightly.

Loved ones are happy to listen to your homebuying concerns time and time again. They can offer suggestions and recommendations as you explore homes and help you remain calm, cool and collected at each stage of the homebuying journey.

Of course, if you want additional assistance during the homebuying journey, it never hurts to hire an expert real estate agent. This housing market professional can set up home showings, negotiate with home sellers on your behalf and provide comprehensive homebuying support at any time.

Reach out to loved ones for support as you get ready to search for your dream home. By doing so, you may be able to speed up the homebuying process.


As the workforce changes and a growing number of companies seek out contractors and freelancers, many Americans find themselves in a gray area when it comes to their income. They may put in full-time hours, but on their taxes they work for themselves.

Mortgage lenders are cautious about who they lend to. They want to make sure you are a low-risk investment who has reliable, predictable income to ensure that they’ll earn money off of your loan.

This can sometimes make it difficult for freelancers, contract workers, or the self-employed. Not only might your taxes be unconventional, but your income could vary depending on the time of the year and the amount of business you receive.

It’s easy to see why many people would be anxious about applying for a mortgage under these circumstances. However, if you’re self-employed, there’s no need to worry. You can still get approved for a mortgage at a fair interest rate--you just need to do a bit of work to provide the right documents to your lender.

In this article, we’ll show you what documents and proof of income you’ll likely need and how to present it to a lender to make the process run as smoothly as possible to get you approved for your mortgage. Here’s what you need to do.

Organize your records

Before applying for a mortgage, it’s a good idea to take a look at your record-keeping process. As a self-employed worker, you’re probably already used to tracking your own income. However, this will help the lender analyze your income easier and move the process along more quickly.

Having a master spreadsheet of your dated invoices, paid amounts, and the names of your clients is a good place to start. You’ll also want detailed, easy to read information for your previous employers, landlords, references, and any other information you think will be pertinent.

Next, gather your tax documents for the last three to five years. As a self-employed worker, you likely file a Schedule C (Form 1040) and a Schedule SE. Make sure you have copies of these forms.

Dealing with deductions

Many self-employed workers write off business expenses in their tax returns. Travel expenses, internet, and other costs associated with doing business are all ways to save by reducing your taxable income. Doing so can save you money, but it can also reduce your net income which is what lenders will see when you provide them with your information.

If you’re hoping to get approved for a bigger loan, one solution is to plan your taxes in the year prior to applying for a mortgage. Make fewer deductions than you normally would to increase your net income.

Be ready to clarify

When a mortgage lender is reviewing your information, make sure you are open and available to provide any information that can be helpful to them in considering your application. Being prompt and accurate with your responses will signal to your lender that you are willing to work with them.


Purchasing a home may prove to be a good idea. In fact, there are many reasons to pursue a house, and these include:

1. You can purchase a home that you can call your own.

There is nothing quite like the feeling an individual typically experiences after he or she buys a house. If you conduct a search for your dream residence, you can enjoy this one-of-a-kind feeling in the near future.

Of course, if you decide to purchase a home, you may want to establish property buying criteria. This will allow you to hone your home search and accelerate the property buying journey.

As you put together homebuying criteria, think about where you want to reside and what features you want to find in your ideal residence. Then, you can begin the homebuying journey with a plan to achieve the best-possible results.

2. You could save money over the long haul.

Let's face it – the costs of renting an apartment, condo or house can add up over time. On the other hand, a home is a long-term investment that may help you save money in comparison to renting a property.

If you decide to launch a home search, you may want to get pre-approved for a mortgage too. Banks and credit unions are available in cities and towns nationwide, and these financial institutions can teach you everything you need to know about home financing. As a result, if you meet with banks and credit unions in your area, you can find a mortgage that complements your finances perfectly.

3. You can personalize your residence however you choose.

A house is more than just a place where you eat, sleep and store all of your personal belongings. And if you acquire a residence, you can transform an ordinary house into a personalized home.

As a homeowner, you can paint your home any color you choose, perform assorted house upgrades and much more. Therefore, homeowners enjoy unprecedented flexibility and can customize a house so it matches or exceeds their expectations.

For those who are ready to pursue a house, it often helps to hire a real estate agent. This housing market professional can offer plenty of guidance throughout the property buying journey and ensure you can quickly discover your dream house.

A real estate agent will keep you up to date about houses that fall within your price range, set up home showings and help you submit an offer to purchase your ideal residence. Plus, a real estate agent will negotiate with a seller's agent on your behalf to help you pay the lowest price for your dream home. And if you ever have concerns or questions during your home search, a real estate agent is ready to respond to them right away.

Ultimately, buying a home is a good idea for many people. If you hire a real estate agent today, you can instantly start a home search and move one step closer to acquiring your dream residence.


For a first-time homebuyer, it is important to realize that a home seller's acceptance of your initial offer provides no guarantees. In fact, a homebuyer will still need to complete a home inspection before a home sale is finalized.

A home inspection is a valuable opportunity to learn about any potential issues with a house. After the inspection is finished, a homebuyer has the opportunity to submit a counter-proposal, rescind a proposal or keep his or her current offer intact.

Ultimately, hiring the right home inspector can make a world of difference for a homebuyer. With an expert home inspector at your side, a homebuyer can gain insights into a house's pros and cons and determine whether a house is a viable long-term investment.

So what does it take to employ the right home inspector? Here are three tips to help a first-time homebuyer do just that.

1. Conduct an Extensive Search

Search far and wide for a home inspector – you'll be glad you did. If you allocate the necessary time and resources to locate a skilled home inspector in your area, you can boost your chances of identifying potential home problems before you complete a home purchase.

A first-time homebuyer can begin a search for an expert home inspector online. A simple web search is sure to provide plenty of results, and a homebuyer then can perform an in-depth review of local home inspectors' credentials.

Furthermore, don't hesitate to ask family members and friends for assistance. If a loved one recently sold a house and had a great experience with a home inspector, it may be worthwhile to hire this same professional to perform your home inspection.

2. Look at a Home Inspector's Background

How many years of industry experience does a home inspector have? What are past clients saying about a home inspector? And how does a home inspector approach each job? These are some of the questions that a first-time homebuyer should consider as he or she assesses a home inspector's background.

In addition, a homebuyer can always reach out to a home inspector directly to learn more about this professional's experience. A face-to-face or phone conversation with a home inspector may require only a few minutes to complete and can help a homebuyer make an informed decision.

3. Consult with a Real Estate Agent

A real estate agent can help you discover your dream house as well as put you in touch with the top home inspectors in your area. As a result, this housing market professional will ensure you can purchase a first-rate house that matches or exceeds your expectations.

If you're uncertain about whether to hire a particular home inspector, it never hurts to consult with a real estate agent. By doing so, you can gain honest, unbiased tips to determine whether a home inspector is the right person to evaluate your residence.

Employ the best home inspector prior to completing your home purchase – use these tips, and a first-time homebuyer should have no trouble hiring a superior home inspector.




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