home inspection

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20 10, 2016

Home Inspection Checklist

October 20th, 2016|Blog, Buying a home|

Person Hand With Magnifying Glass Over Luxury House

Inspection day is a very exciting day for home buyers. It is likely the first chance you will have to go inside the home since you made the offer. It is usually the last chance that you will have until a final walkthrough. But most importantly, it is your chance to make sure you know what you are getting yourself into when it comes to the condition of the home. You can experience many different emotions all at one time.

Home inspections not only provide you with a list of problems, but you also want to negotiate with the seller to fix some of the problems or you could even back out of the dealer altogether. It will provide you a detailed report that is something of a “new owner’s manual” for the home. This will also include tips and a schedule of when everything needs done next.

Finding an Inspector

It is important to find a professional for the job. You can find an agent through Zillow’s Agent Finder Tool, this gives you a chance to check out their online reviews and make sure they are someone you can trust to get the job done right. It is vital to be clear on what exactly is and isn’t included in the inspection price. Most inspectors are in a similar range of $300-500 and may fluctuate in price to pay for the inspection that you get. Early in the home buying process start researching inspectors and have at least a couple in mind, especially if the market is busy. You’ll need to be sure you can get an inspection scheduled within your contract timeline as well!

Inspection Day

You should plan on being there and your agent should be […]

5 07, 2016

Home Inspection vs. Home Appraisal

July 5th, 2016|Blog, General, Mortgage 101|

House and key shaped paper cutout, calculator and magnifier on wooden table.

Some future home buyers may be confused about the difference between a home inspection and a home appraisal. While they sound like they are the same thing, they are very different in reality. The two serve different purposes. A home inspection is optional; while an appraisal is required by a mortgage lender. An appraiser is more concerned with the value or a property, and a home inspector is more concerned with the condition of the property. Here is a closer look at the differences between the two.

Home Inspection

It is the inspector’s job to take a more in-depth look at the home than the appraisers do. Home inspectors are optional. Everything from the foundation to the roof will be thoroughly evaluated to make sure the buyer knows exactly what they are getting. Unlike an appraiser, home inspectors do not place a value on the home. Inspectors create a report that lets the buyer know the overall condition of the home. They inspect things that you do not necessarily see in a walk-through of the property. They will check the plumbing (pipes), radon, possible lead paint exposure, any signs of structural issues, ventilation, heating, air conditioning, electrical, drainage, etc. Inspectors will also advise you to contact a professional, such as a structural engineer, plumber or electrician if they feel there are any major issues to be addressed. The inspector will provide you with a clear understanding of what is going on with the home and if they foresee any future problems.

Home Appraisal

An appraisal is an evaluation of a property’s value based on its condition, features, and similar home sales in the area. Appraisals are conducted by trained, certified professionals who are licensed to […]

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