The real estate market is always changing. Recently, there was an unexpected increase in home sales in the month of August. There are a number of factors to consider that could have impacted an increase in sales. This article from Yahoo Finance does a great job of…
If you are planning to buy a new home, do not skip getting the home inspected. Although it may not be required, you want to ensure you understand what the condition of the home is before you purchase it. This article from HomeKeepr does a great job of explaining what a home inspection is and why you should not skip this critical part of the purchasing process. Enjoy the article and contact me if you have any questions or if I can help with any of your real estate needs.
Tim Houterloot - Broker/Realtor
317-997-0165 - Cell
indyhomepro@outlook.com
Source: HomeKeepr | Repost Houterloot 4/14/2022 -
When buying a new home, there’s a lot more that goes into the process than just signing some forms and picking up the keys. One of the big steps that you’ll typically take is getting a home inspection to identify any potential issues with the property. While this is common, most of the time it’s not actually required; while lenders will generally insist on an appraisal of the home, this isn’t a full inspection. So does that mean you can skip getting an actual home inspection as a part of the home-buying process?
Technically, yes. Unless you live in an area where home inspections are legally required, you don’t have to get a home inspection before purchase. Should you skip a home inspection? Absolutely not. Having your home inspected serves a much greater purpose than just determining its value, and waiving the option to get an inspection done before purchase could set you up for a lot of trouble (and out-of-pocket expense) down the road.
What Is a Home Inspection?
Unlike an appraisal, which just examines a home to determine its value, a home inspection digs deeper and actually looks into the condition of the home and its components. While the exact coverage of the inspection can change depending on where you live, the type of home being inspected, and the scope of the inspection you’re having done, the goal of the inspection is to determine the condition of the house. This will ensure that the home is livable, and will also serve to highlight any repairs to the property that might be necessary.
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