| There are a lot of myths about home inspections out | | | | inspected by anyone who isn't a licensed home |
| there. People often don't understand when a home | | | | inspector.The inspection is not a seller's repair list. |
| inspection is necessary, who should perform it and | | | | While the seller can use the inspection as a repair list, |
| how it should be conducted. These misconceptions | | | | unless it is a contingency in the contract, there is no |
| can cost a buyer a lot of money.Basically, a | | | | obligation for repairs. The exception is if the home |
| professional home inspector looks over a home from | | | | inspection finds conditions that are require by law to |
| the foundation to the rafters. He or she prepares a | | | | be fixed before the home is sold. The inspection tells |
| report that gives the condition of all the home's | | | | you what you are getting for your money. Some |
| major components.However, the inspector will not rip | | | | people even have inspections performed before |
| into the walls, take apart any appliances or inspect | | | | signing a purchase agreement -- to save time and |
| the swimming pool. The inspector gives the home a | | | | money.Even if you are buying a home "as-is," you |
| close look with a professionally trained eye.Keep in | | | | should have it inspected. While the seller is not |
| mind that an inspection isn't the same as an appraisal. | | | | responsible for any repairs or improvements, the |
| The appraisal gives the value of the home, the | | | | inspection lets you know what you are getting into. |
| inspection gives the condition.The first myth is that a | | | | It is better to know before you live in the home.And |
| home inspection isn't required as long as you can see | | | | finally, new homes should be inspected as well. They |
| the condition of the property is good. This isn't true. | | | | should be inspected before the walls are closed in |
| You should always have your home inspected by a | | | | and after the building is complete. A study a few |
| professional inspector, complete with certifications | | | | years back revealed that 15% of new homes sell |
| and licenses. You will receive a report that gives the | | | | with a serious defect. Other studies indicate that |
| condition of the inspected items. Many reports will | | | | 41% of new homes sell with serious problems, |
| include a list of items that need attention and photos | | | | including mold. Thirty-four percent can have structural |
| of the findings. This is a written report of the home's | | | | problems, including missing connections.Some builders |
| condition of the home on the day it was inspected. | | | | will not allow you an inspection, but you should try |
| What is in writing is more important than any spoken | | | | your hardest to get it inspected before it is too far |
| claims you get from an agent or seller.Don't confuse | | | | along. Many conditions will not show up once the |
| a termite inspection, electrical inspection or a chimney | | | | home is complete until it is too late. You should |
| inspection with a home inspection. These are | | | | definitely have it inspected by your professional once |
| important, but will not provide a complete picture of | | | | it is complete.There is absolutely no reason not to |
| the home's elements. A termite inspection only | | | | have a home you are purchasing inspected. It |
| checks for termites, he won't check the heating and | | | | protects you and your investment.Martin Lukac |
| air units.General contractors cannot provide home | | | | represents and a finance web-company specializing in |
| inspections. In fact, many states forbid it, due to the | | | | real estate and mortgage rates. We specialize in daily |
| potential for conflict of interest. A general contractor | | | | updates, mortgage news, rate predictions, mortgage |
| has a good background in becoming a home | | | | rates and more. Find low home loan mortgage |
| inspector, but you shouldn't have your home | | | | interest rates from hundreds of mortgage companies! |