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Misconceptions About Pre-purchase Property Inspections

Pre-purchase property inspections are highly desirable before you buy for essentially two reasons. Firstly it should be a practical warning against significant defects in the property that you may not be aware of. Secondly it is strategic, to be used as a negotiating tool in the purchase. Simply, if significant defects exist, you can use the report to justify offering a much lower price. However, there are problems and misconceptions.