In Illinois, home buyers get 5 business days from contract acceptance to have a home inspection done on the property they just received an accepted contract on. I always tell my buyers that this is Round 2 of negotiations.
When a buyer views homes with us, we point out anything we can see, such as peeling paint, ceiling leaks, visible water lines (could be dry) in a basement, rotting wood, old windows, etc. But we are not licensed home inspectors, and we will not be testing appliances, HVAC, electric, etc.
Why do I need to pay for a home inspection?
Purchasing a home (condo, townhouse, etc.), is probably going to be the largest financial investment you'll make. Compared to that, the price of a home inspection is small, and it can actually…