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What are the reasons to pay for an inspection of a condo or townhome, before your prospective purchase?

A condo is an owned property, meaning you buy it, you own it. Condos include many elements that are the owner’s responsibility, including plumbing, electrical, HVAC, appliances, windows and doors, and sometimes even roofing, siding, and paint. As with single family homes, people get home inspections primarily so they know what they are buying. Sometimes, a home inspection will lead to termination of the purchase contract and a refund of earnest money, because the buyer no longer wants to own the property after discovering problems they didn’t know about at the time they made the offer and the seller accepted it. This is known as an inspection contingency, and it exists for good reason. It’s the idea of informed consent. The buyer gets to be informed about the property before committing to a large purchase such as a condo, townhome, or single family home. The ability to get an inspection is for the protection of the buyer, so why would a buyer elect not to do so? I can’t think of a good reason.

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