It's very important, and in my opinion, mandatory to have a home inspection done before you close on a house. The inspection helps with giving you an objective evaluation of any problems with the home before you move in.
Make sure you have a home inspection contingency in your contract before you sign it. You want to be able to back out of a contract if the inspection turns up any serious problems that the seller is not obligated to fix or that will be too costly for you to pay for on your own.
A home inspection report is a complex document that an inspector fills out while going over the house. The inspector will not catch everything that's wrong with a house, but they are very thorough and can catch any major problems.
The inspector reviews the house from the roof to the foundation. They review the condition of the home's heating and central air condition systems, interior plumbing, electrical systems, roof, foundation, basement, attic, walls, ceilings, floors, windows, doors, visible insulation and visible structure.
A home inspection usually costs between $200 to $400. This cost can be added to the closing cost or you can pay for it up front. It's up to you how you want to pay for it. Your real estate agent might offer to find a home inspector for you, but you should make the final decision on who will do the inspection.
Good home inspectors are very thorough and very detailed. Also, good home inspectors are licensed. Some states don't require licensing for home inspectors, but if you want to get the best out of an inspection, find a licensed inspector. Ask friends and family members who have had inspections done for recommendations.
Another great way to find a licensed inspector is at the American Society of Home Inspectors' (ASHI) website at http://www.ashi.org. Members of this organization must abide by standards and guideline practices and a code of ethics set forth by the national organization.
Another place to find licensed inspectors is at the National Association of Home Inspectors, Inc. (NAHI) website at http://www.nahi.org. They too have a standards of practice and code of ethics that inspectors must abide by. Both ASHI and NAHI allow you to search for home inspectors in your area.
Michelle Roebuck provides mortgage and home buying advice for people with bad credit at http://www.find-bad-credit-mortgage-loans.com a> Sign up for her newsletter at http://www.find-bad-credit-mort gage-loans.com/newsletter.html
Financing a home with bad credit is a common problem... Read More
As loan officers, the word "lead" is by far one... Read More
For years, when someone wanted to purchase or refinance a... Read More
Thanks to the combination of low interest rates and skyrocketing... Read More
Home is the place you inhabit. It is the place... Read More
You've finally found that dream home that you have always... Read More
When it comes to a reverse mortgage, wise consumers weigh... Read More
Mortgage would have never happened, had mortgages been a no... Read More
Home equity loans give individuals a tool to extend their... Read More
Just starting to shop for a new home? Do you... Read More
What the average homeowner or home buyer fails to realize... Read More
As a first time home buyer, there are several things... Read More
Here is a useful flexible mortgage guide. Flexible mortgages are... Read More
Essentially there is little difference between the process that one... Read More
First time home owners are sometimes surprised at the complexity... Read More
With mortgage rates near 20-year lows, competition in the mortgage... Read More
If your down payment on a home is less than... Read More
As is the case when applying for any mortgage, be... Read More
Refinancing your house's mortgage is not the same thing as... Read More
Maybe you've heard the expert advice that your debt to... Read More
Looking for the best homeowner loans can be stressful, especially... Read More
In previous decades, when a borrower missed a payment on... Read More
The term 'mortgage' is assumed really controversial by people when... Read More
When you're looking for a mortgage, whether it's a first... Read More
If you've got a wallet full of credit cards, and... Read More
Here is a useful guide to the different types of... Read More
Have you been turned down for a home loan recently... Read More
A repayment mortgage is the type of mortgage that most... Read More
Home equity loans can be a great idea for individuals... Read More
Unfortunately, most Americans still do not understand how home loans... Read More
Once you have made the decision to buy a home... Read More
As interest rates have risen in the last six weeks... Read More
Choosing the right home equity loan can be tricky; you... Read More
If you have a recent bankruptcy on your credit and... Read More
Home equity loans and lines of credit are useful tools... Read More
"I've been renting for years now; I've always paid my... Read More
Outlined below is a useful remortgages guide. Remortgaging has become... Read More
A commercial mortgage or commercial remortgage is a business loan... Read More
The first time you purchase a home is an exciting... Read More
Before you start shopping around for a mortgage, you need... Read More
Interest rates are on the rise and many home owners... Read More
Online real estate mortgage loans enable borrowers to be sure... Read More
Refinancing your mortgage is one way to rebuild your credit,... Read More
"The ache for home lives in all of us, the... Read More
Interest rates and fees vary between subprime lenders just like... Read More
Mortgages are easy as long as you understand them well.... Read More
"Own your home free and clear in 3 to 4... Read More
Home Equity Loan vs. 401(K) LoanYou've finally decided to add... Read More
Figures from the Council of Mortgage Lenders show that in... Read More
Having poor credit alone cannot hold you back from getting... Read More
So, you have made the decision that you would like... Read More
Give yourself time to rebound. Whether you had to turn... Read More
You have been paying on your mortgage for quite sometime... Read More
Refinance home loan lenders are eager to lend money to... Read More
When it comes to a reverse mortgage, wise consumers weigh... Read More
If you are transferring to the Kings Bay Georgia Naval... Read More
A remortgage is changing your mortgage without moving your home.... Read More
A remortgage can be used for the purpose of gaining... Read More
If you have bad credit history and are looking to... Read More
You may think that applying online for a mortgage is... Read More
There has been so much fraud discovered in the FHA... Read More
Asking yourself, "Is a home equity loan right for me?"... Read More
When you're shopping for a new home-especially for the first... Read More
When it comes to firsttime home buyer loans, a little... Read More
California is a beautiful place to live There is no... Read More
I read a press release the other day which points... Read More
Mortgage Refinance |