Professional Home Inspection

Most lenders require that you have the home inspected by a professional before closing. You can avoid - or at least anticipate - costly repairs to structural or mechanical systems by having an inspection. The sales contract usually specifies that the inspection will take place soon after the offer is accepted and that settlement is contingent upon a satisfactory inspection. The inspection requires specific technical skills. You can become familiar with common problems, but a professional home inspector can give you a better overview of the entire structure of a house and its potential problems. If possible, accompany the inspector who examines your house. He or she can point out potential problems and help you locate special devices like the items listed below.

• On/off switch on furnaces, air conditioners, etc.

• Pilot light on hot water heaters, ovens, etc

• Fuse boxes.

• Main water shut-off controls.

• Foundation.

• Floors.

• Walls and partitions.

• Roof.

• Windows and doors.

• Plumbing system.

• Electrical system.

• Heating, ventilating, and air conditioning systems.

• Septic tanks, wells, or sewer lines.

• Common areas (at condominiums or cooperatives.)

Loan Officer Guide 4.2

 

2 Comments on Professional Home Inspection

Ceola: I definitely have a great home inspector I refer. I also invited her to become a member of my BNI group.

04/24/2008 07:45 AM by Tara Colquitt, Consumer Credit Advocate (The Credit Depot)


Please let me know who she is. I would be happy to meet her and recommend her to my clients.

04/24/2008 08:56 PM by Ceola Shelton (Coldwell Banker)


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Real Estate Agent: Ceola Shelton (Coldwell Banker)
Ceola Shelton
South Orange, NJ
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Coldwell Banker

Office Phone: (973) 467-3222 Ext.: 225
Cell Phone: (973) 444-5593
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