August 20th, 2017 6:49 AM by Jackie A. Graves, President
Home inspections give you the opportunity
to thoroughly inspect the home with a professional before you spend your
hard–earned money to buy it. Because home inspections are such an important
part of your homebuying journey, it's important to separate the facts from the
I can't choose my own inspector.
Myth: Spending the fees for a
home inspection can be well worth it both for peace of mind and the potential
cost of trouble avoided. You can choose your own inspector to help you with
Finding the right home inspector takes a bit of research.
Fact: Doing your due diligence to
find the right home inspector is vital. Your real estate agent should be able
to recommend several well–qualified home inspectors. In addition, you can ask
friends and family for recommendations. One you've got a list, the National
Association of Realtors recommends you look at five areas when choosing the right one:
qualifications, sample reports, references, memberships, and errors and
Every issue on the inspector's report must be addressed
before I can buy.
Myth: Inspections are one of
the most common contingencies in purchase agreements. It's recommended that you
make the home purchase contingent on the home inspection in your written offer so that if major issues are
noted in the inspection report, you can renegotiate the sales price, require
the seller to make the repairs, or back out of the offer altogether. Your
realtor can advise you on how to negotiate these major issues in the purchase contract
and advise you on how to handle any smaller issues noted in the inspection
some more facts? Check out what to expect from your home inspection.
Courtesy of Freddie Mac - To view the original article click here