The Four Main Home Inspections When Buying a Home
There are different inspections that are done on a character during the escrow course of action. Each serves the purpose of making sure the home you buy is in good condition from the point where you first see the house and up to where you receive title to the character.
The home inspector. The home inspector is the first to visit your character. This is the person who has the most knowledge about how a character should look if it’s in good shape. If they see anything broken, deteriorating, or malfunctioning, they will report it to you. If you get an FHA loan, you may be required to have an inspector go by your home, but already if you use another kind of loan, or buy with all cash, a home inspection is worth having because it gives you warning on what costly problems the house may have that you will need to repair once you own the character.
The pest inspector. The pest inspector will be able to tell you if you have termites, bugs, rodents, fungus, or other infestations in the character, which could also be costly. When their job is done, they will give you an calculate on how much it will cost to rid yourself of pests. Some home inspectors are certified pest inspectors in addition, so you can get both jobs done by the same specialized.
Agent’s final inspection. Before the character closes, there should be an inspection done by both the buyer’s and seller’s agents. It is your agent’s fiduciary responsibility to represent you and make sure you are buying a safe character and already though they don’t often have the in thoroughness knowledge on evaluating the condition of a character, they might see a problem and if they do, they will bring it to your attention and keep a file of in any case they find in their file.
Final Walk-by. Now it’s the buyer’s turn to look over the house. This procedure happens at the end of escrow right before closing, so the buyer has one last chance to look over the character and verify that it is nevertheless in the same condition it was in when they first submitted an offer. Should you find anything that concerns you, it should be brought to the attention of the selling party in the transaction, so the repairs can be made before the character changes ownership.
An appraisal, already though it is a kind of inspection, doesn’t really qualify as a home inspection because it is done to find the value of the home, not the condition.