Home inspectors are a bit like realtors. Some are very good and thorough, and others you wonder how they can even function in life because they seem so totally clueless.
A home inspection is generally not a requirement, but it's more like a second set of eyes to look things over. If the price is reasonable and the guy has good references it's probably a decent investment to have someone else look things over.
Whenever I've hired an inspector, I always make sure I'm there and follow them around, making sure they're actually, you know, inspecting stuff. The other benefit can be in final negotiations, you can take the report, which might tell you a bunch of stuff you mostly already knew, and use that to negotiate a bit more off the price, or ask for something to be repaired by the seller, etc.
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