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Damaged foundation or other structural anomalies
Electrical wiring problems
Poor plumbing or aging septic systems, especially if the house has been vacant for some time
Leaking, nonfunctioning, or nonexistent gas lines
Poorly functioning furnace or central air conditioning units
Leaking or ramshackle roof
Termite or other critter damage
Health hazards, such as lead-based paint, toxic mold, radon gas, asbestos, and hazardous insulation
Neighboring structures built on your property — always check the survey to make sure that the homeowner didn’t allow the neighbor to build a new garage ten feet over on your property
In a seller’s market, a home inspection contingency can backfire on you. If the seller receives two comparable offers, one of which waives the inspection, guess which one the seller will accept? Yes, it’s the one without the contingency. In lieu of having a professional inspection, have your contractor or handyperson look at the house with you when you go to see it.