THE FOLLOWING IS HELPFUL, IF YOU ARE PLANNING TO PURCHASE A HOME.
So you've found the house you think you want to purchase, now you need to make
certain to have the home
properly inspected. If you are planning on getting a mortgage loan, the lender
will require an appraisal.
Keep in mind that an appraisal is not the same as a home inspection. An
appraisal helps the lender determine
whether or not your home purchase is a smart investment, an inspection will help
you find out if there
are any problems with the home that need to be addressed before you complete the
transaction.
Home inspections provide detailed
information about the overall condition of the house one is planning
to buy. A standard home inspection provides a visual examination of the physical
structure and major
interior systems of a residential building. An important point to be noted is
that a home inspection is not
to be confused with an appraisal or a building code inspection.
In a home inspection, a qualified inspector takes an in-depth, unbiased look at
the home to evaluate the
physical condition of the house and its systems. He identifies the items that
need to be repaired or replaced ,
and also estimates the useful life of the major systems, equipment, and
structure of the house. There are several
other additional inspections you'll need to have completed before you can close
on the home. For example, the
house will need to pass a termite inspection, as well as the structural
inspection. Also, a septic inspection
will be necessary, if the home does not connect to City sewer services.
If you do discover problems with the home, these issues should be
addressed before you sign any agreements
to purchase the home. For example, you might negotiate a lower price for the
home because of the problems
it has. Or, you may negotiate to complete the purchase only after the current
homeowner has remedied
the problems.
Remember, don't let anyone attempt talk you out of obtaining a
complete home inspection before you hand
over your hard earned money to buy real estate. This should be your decision
based on the knowledge you
have at hand.
Realtors here at VIP accompany our clients and customers
to the house inspection. We are here to help you
purchase the best home for your needs. Our agents are trained to answer your
questions about house inspections.
