Anthony Stokes Pereira

 

 

While only certain inspections are required by mortgage lenders or government mandate, a comprehensive home inspection is considered a wise thing to do when purchasing a home. However, since it is not required, the buyer must pay for it. It is also recommended that at the time of the inspection, you accompany the home inspector so that you can learn firsthand as much as possible about the home you are about to purchase - including such basics as where the main water shut-off is and electrical distribution boxes are. Mortgage lenders typically require inspections for wood-destroying insects. Inspections mandated by the state or municipality could include: smoke alarm inspection, testing of well water, septic system test, and a certificate of occupancy ? all of which are typically paid for by the seller. All other inspections are generally paid for by the buyer and must be done within a specified time frame, as indicated in the contract. Some insurers require inspection of underground oil tanks.
 

What if the inspections turn up problems?

Few homes are perfect. Some problems may be a matter of simple cosmetics; others may be more serious and call for costly repairs. The good news, however, is that in most cases the seller and the buyer are able to come to terms. You and the seller may decide to compromise, with both sharing the costs of repairs, or the seller may pay for any repairs. Or you may decide that the issue is not important enough to risk losing the home.

This post is intended to be informational only. Please be advised that real estate practices vary from state to state and market to market. The information contained herein does not constitute legal advice.
  
Posted by Anthony Stokes-Pereira - Realtor on 09/13/2008 10:45 PM   Comments (0)   Buying a Home - What Is Involved in a Home Inspection and Is It Necessary in the Home Buying Channel  
Originally posted at: Rockland County, New York Real Estate : Buying A Home - What is involved in a home inspection and is it necessary
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Anthony Stokes-Pereira - Realtor

Nanuet, NY

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Better Homes and Gardens Rand Realty

Address: 95 South Middletown Rd, Nanuet, NY, 10954

Office Phone: (845) 624-8100 x 168

Cell Phone: (845) 538-7021

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This blog is dedicated to the Rockland County, NY. Real Estate Market. My Real Estate Blog provides fresh perspective on our market activity. Real Estate is not just about selling or buying properties; it is about communities, people and families. I go above and beyond what is traditionally expected of a REALTOR. I am your source to Rockland County NY Real Estate information. Traditionally, REALTORS were always the people to ask about what was happening in a particular community, since REALTORS are intimately involved in the places they live and work. I love our communities I love the villages, the towns, the schools, the restaurants, the parks, the people! And I know what's going on, because I am connected to the people and places in the communities I serve. So I would like to be your resource for real estate and community information. I will be posting my own analysis of the local real estate market, based on my expertise and experience in these markets, and I'll also be posting information and analysis of local events and happenings. Remember: The relationship between a home buyer or seller and their Realtor is based on trust, shared goals and understanding. I strive to continually improve and to do this I listen and take the needs and wants into consideration.


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