home inspection report in brandon ms: FAQ ~ Doesn't the Bank Order My Home Inspection?
- 06/30/17 03:44 PM
When talking to home buyers about ordering their home inspection, some express confusion, and think the home inspection and the appraisal is the same report. Some borrowers think the bank will order the "inspection" for them. An appraisal is NOT the same as the home inspection. An appraisal determines the value of your property, in other words, what your home is worth. The appraiser will compare the age, number of rooms, amenities, and square footage to other properties that have recently sold to determine fair market value. Comparison properties are called "comparables" or "comps". A Realtor prepares a Competitive Market Analysis (CMA) in the same way, … (5 comments)
home inspection report in brandon ms: FAQ ~ Do I Need a Home Inspection BEFORE I List My Home For Sale?
- 06/26/17 01:52 PM
A home seller asked this question ~ "Should I get a home inspection before I place my house on the market?" Family members shared with this client a horror story where someone they knew put a home up for sale. Once a contract was on the table, the inspector found major issues. The repairs were several thousand dollars, and the sale fell through. Naturally this story frightened my soon-to-be client, and she wondered if she should have the home inspection pre-listing, or wait until she has a buyer. She was concerned the inspector would find "surprises" that might kill her sale. What was she to do? First, … (7 comments)
When talking to home buyers about ordering their home inspection, some express confusion, and think the home inspection and the appraisal is the same report. Some borrowers think the bank will order the "inspection" for them.
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