Get a Home Inspection

Get a Home Inspection

Get a Home Inspection

The last thing a mortgage lender wants to see is a home inspection. Avoid sending one to your lender because it will likely cause major problems.?However, it should always be the first thing you as a buyer see, and here are the reasons why.

?Buyers Beware

When you purchase a home, you are buying it in AS IS condition.?This means, you are agreeing to take ownership in the current condition of the property. Shouldn’t you know exactly what you are agreeing to??The home inspection is your opportunity to find out.?

When you pay an inspector to provide you a report, you are paying hundreds of dollars for them to checklist concerns/problems.?Don’t be surprised when the list gets long.?This is what you paid for.?The true facts are how much will it cost to remedy said concerns/problems.?If you can afford to remedy the problems with negotiation or ease, then there is nothing to fear or question.??If you are unable to remedy the problems, then you now have the option to cancel contract.??The point is, you need to know what you’re dealing with, so you need the report.

Concealer, Lipstick, and Mascara

You’d be surprised what a little make-up can do to create a beautiful appealing fa?ade.?The same is true with a house. There is so much safety?that the common person would not question or take issue with.?Therefore, building code permitting exist.?A home inspector knows if a property is safe, or up to standard building codes.?

Most home inspectors will walk you through the property and identify what it is they see, so you’ll understand what you’ll be reading in their report. I always advise that a home buyer attend the home inspection for this reason.?Seeing is believing, and it makes the difference in defining the “severity” or “silliness” of a repair mentioned.

Repair?Negotiations or Concessions

Buyers always have options.?You are buying the home in “as is condition”, but no one said you can’t ask for what you want.?If you get a home inspection, you can use the report to negotiate concessions, or repairs to be made to the property.?Sellers do not have to entertain your request, but if they do, they will surely want to see the inspection report, (or possibly the?appraisal)??As markets shift toward buyers, you’ll see more negotiations, 50/50 splits on repairs, and or concessions.?

Get a home inspection. It is even one of our official lending disclosures. You may get the inspection and realize that the property is not what you thought it would be.?However, it’s better to know these things much sooner, than later.?An ounce of prevention is worth POUND$ of cure.

Inspections should not be feared because one of the options a buyer has, is to do a renovation loan.?If you qualify, we can re-structure the loan to purchase your home and cover any needed repairs required financing.??If you are interested in renovation lending options, and how the process works, let’s talk lending.

#buyersbeware #homeinspections #renovationlending #mortgagegal #lendingbliss #ownhouses #closewithbliss

要查看或添加评论,请登录

Bliss Green的更多文章

  • Area Median Income

    Area Median Income

    Area Median Income- AMI This is a metric that we measure in the mortgage lending. It drives a lot of programs…

  • The Lighthouse Attraction

    The Lighthouse Attraction

    I was scrolling, and I saw my friend’s post. She is a mental health provider, and a glowing human.

    2 条评论
  • Be the Entire Tree

    Be the Entire Tree

    Be the entire tree Fall is my favorite season. The leaves are so beautiful.

  • The Equinox Creates Balance

    The Equinox Creates Balance

    Creating Balance This week we celebrate summer turning into fall with the Equinox. The Equinox is the period of time…

  • Interview with a Contractor

    Interview with a Contractor

    All General Contractors are people who build, but not all people who build are General Contractors. Would you know the…

  • Why Applying Online is Best

    Why Applying Online is Best

    Technology makes things faster. However, sometimes it does not always make things easier.

  • Selling a Lifestyle

    Selling a Lifestyle

    Building a relationship-based business is not a get rich quick plan. As a real estate industry sales professional…

  • Faulty Lenders

    Faulty Lenders

    Faulty Lenders I was having a conversation with a realtor the other day, and they asked me how to avoid “faulty…

  • Prepared for death

    Prepared for death

    Death is certain, not to prepare for it is denial. People fear death.

  • Have you been ghosted by a lender?

    Have you been ghosted by a lender?

    Have you had a lender stop communicating with you and you not understand why? This is a terrible feeling for clients…

    1 条评论

社区洞察

其他会员也浏览了