Importance of an Inspection
As a buyer, you
are entitled to know exactly what you are
getting. Don't take for granted what you see
and what the seller or the listing agent
tells you. A professional home inspection is
something you MUST do, whether you are
buying an existing home or a new one. An
inspection is an opportunity to have an
expert look closely at the property you are
considering purchasing and getting both an
oral and written opinion as to its
condition.
Beforehand, make sure the report will be
done by a professional organization, such as
a local trade organization or a national
trade organization such as ASHI (American
Society of Home Inspection). Not only should
you never skip an inspection, but also you
should go along with the inspector during
inspection. This gives you a chance to ask
questions about the property and get answers
that are not biased. In addition, the oral
comments are typically more revealing and
detailed than what you will find on the
written report. Once the inspection is
complete, review the inspection report
carefully.
You have to demand an inspection when you
present your offer. It must be written in as
a contingency; if you do not approve the
inspection report, then you don't buy. Most
real estate contracts automatically provide
an inspection contingency.
Buyer's Tips
Avoiding Financial Stress -
Use a Buyers Agent -
Don't Make Major Credit Card Purchases -
Be Careful of the "Dual Agent" -
Finding the Right Seller -
Importance of Inspection -
Getting a Legitimate Lender -
Be Wary About the Listing Agent -
Hot, Normal and Cold Markets -
Build a Plan of Action and Get Ready
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