home inspection worth it or not?

[Jorge Caceres]

Hi,

First time posting here but long time listener of the BP podcast. My wife and her siblings inherited a house which is in a trust. We are trying to decide if it is worth spending the money on an ASHI Certified Home inspection or not. Inspections are pretty expensive, $700 to $1000, for a 2000 sq' house. The reason we are considering this is to be able to come up with a fair price for the house based on the inspection results. We are not engaging an agent yet because the house will be offered to family members first, then if no one in the family buys it, we will engage an agent and put it up for sale. Should we spend the money on an inspection?

Thank you in advance.

[Jaysen Medhurst]

@Jorge Caceres, if all you need right now is a value, I'd wait on the inspection. Get a Broker's Opinion. They're cheaper than a formal appraisal and will be give you a good sense of what the place is worth. Plus you'll have an agent queued up if you do decide to sell.