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When buying a home, the buyer would have to go through several hoops before he or she can complete the deal. Each step is very important and should be therefore taken seriously. For instance, it is vital that the buyer should know the condition of the property before agreeing to buy it. This would make it easier for the buyer to offer the right and fair price for the property to the seller. If one does not look at the condition of the property, he or she could end up paying more than the real value of the property.
Hiring the right home inspector is therefore an important task for every home buyer. If you are looking to buy a home, this article would try to help you in choosing that ideal inspector. Below are some of the most important questions to ask when interviewing potential home inspectors.
1. What will the inspection cover?
Your state would have a list of requirements for a property to be deemed livable. The inspector should therefore have these things on the list of what to inspect on the property premises. The inspector should comply with the standard of the business as well as its code of ethics. The inspector should be able to provide you with a list of areas that he or she would inspect. If you see an area that the inspector has overlooked on the list, you can then require the inspector to add it to the list.
2. How experienced is the inspector?
If you hire an inspector with a good track record, you would have a better time trusting them and the report more importantly. You can ask for references to check if the inspector is telling the truth regarding their experience. This does not necessarily mean though that you should avoid new inspectors as everyone would have to start somewhere. New inspectors would command lower rates and if they are working or are being taught by good inspectors, you can take a chance on them.
3. Do you offer to do repairs based on the inspection?
If the inspector also offers this service, then you can contract them if you opt to buy the property inspected. By having a combo deal, you would have a better chance of getting discounts for both services.
4. How long will the process of inspection take?
It could take between hours to days depending on the size of the property. As a rule of thumb though, it would take one inspector to thoroughly inspect a typical single-family home in two to three hours. If the inspector claim to need more than this, then they better supply you with a very detailed report.
Common Reasons Why Homes Fall Into Foreclosure
Home buyers who aspire to acquire a great deal typically watch for foreclosed homes. Foreclosure homes are those properties that had been apprehended by lending companies from the property owner. Generally, lending companies vend homes at a very low price given that they are not really in the business of selling properties.
Your Rights As A Home Buyer Borrowing From Lenders
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