77% of Homeowners Face Unexpected Repairs in First Year

The insurance firm, Hippo reports findings from a recent survey that show 77% of homeowners faced unexpected repairs in their first year of homeownership. Of those respondents, 34% reported the repair to be under $1,000 while 13% spent more than $5,000. In this frenzy of a seller’s market many buyers are waiving a home inspection to make their offer more competitive. A thorough home inspection is always an important part of the homebuying process. I will do my best to offer you professional advice so you can make a decision on whether or not waiving a home inspection is the right decision when preparing your offer. 

To read the full survey results visit:

https://www.hippo.com/blog/2021-homeownership-report

Agent

Amy Hoag

Amy Hoag

Phone401-481-5135