Basics of Home Inspections

Home inspections are a very important part of both the home buying and selling process. It is always a good idea to hire a Home Inspector to properly inspect a house. Home Inspectors are professionals who are trained to have a keen eye for catching things that a normal homeowner (or potential homebuyer) may not notice.

Here are some of the things that a professional inspector might check for:

• Asbestos and lead paint
• Hidden damage (termites, support structure, etc.)
• Foundation damage
• Mold
• Roofing issues
• Chimney hazards
• Pests (rodents and/or insects)
• Radon, carbon monoxide, and/or other hazardous gasses or elements
• Efficiency of appliances

Although a home inspection costs extra money and may not be the most exhilarating experience, it is necessary when buying a home. It is in your best interest (and for your own safety) to have a professional look over the home before you purchase it. Even if a house looks to be move-in ready, there could be hidden issues throughout the house.

If big issues are found by the Home Inspector, speak with your Real Estate Agent. In some cases, your Agent can work with the seller’s Agent to have some, if not all, of the necessary repairs paid for by the sellers. This could be done by either the sellers paying for the repairs prior to the home being sold, or by giving the buyer closing cost assistance at the time of closing. If the seller is not willing to assist, talk to your Mortgage Loan Originator to see if you will have enough money available to make the necessary repairs after closing, or if you need a home improvement loan to be able to afford the repairs. If the costs end up being overwhelming, it might be best to speak with your Agent and move on to another property.

For more information regarding home inspections and their benefits, click here.

If you are looking to purchase a home, contact one of our Licensed Mortgage Loan Originators today to pre-qualify and begin the home searching process with confidence.

These blogs are for informational purposes only. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. Subject to Debt-to-Income and Underwriting requirements. This is not a credit decision or a commitment to lend. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Not all programs are available in all areas. Offers may vary and are subject to change at any time without notice. Should you have any questions about the information provided, please contact us.