[saveforhouse]

Hello Everyone,
This is a very interesting article and thread and really hits home with some recent experiences I have had. I'm in my 20s, working super hard, and saving all the money I can so I can own my first house. I'm proud that I'm finally ready to buy a house and recently almost purchased a new construction condo. The builder assured us that no inspection was necessary. The condo is brand new, why would you need an inspection, he asked? "Moreover, buyers typically don't get inspections with condos." However, we insisted on an inspection and we are certainly happy we did! The inspection came back with several major issues. Overall, we lost so much confidence in the builder (we had no faith that he would fix the issues and was pressuring us to lock into the contract by signing everything and putting the rest of our money down) and we decided to back out of the deal. We determined that it is better to buy a slightly older condo that passes inspection better so we have peace of mind. Still looking forward to getting my first place and cannot understate the importance of an inspection. It really saved us in the long term. Buying a house is the biggest financial decision of my life and I'm convinced I cannot do too much due diligence. I have been so consumed with this whole home buying thing that I have not had as much time to write about it yet, but sure have learned a lot! Best of luck to everyone and get an inspection!