Mortgage Lenders Supplant Home Inspectors in Eastern WA

By
Home Inspector with Eastern WA Home Inspections, LLC

Mortgage lenders have supplanted the home inspector as the deal breakers or bad guys in the real-estate deal. I guess I should say I'm sorry to the lenders but I am not. I am kind-of glad there is a boogie man other than my profession. I know there are still concerns that a Home Inspector may bunch the deal, but with the current state of the mortgage lending industry, lenders have become the primary concern to Real Estate professionals.

I have heard numerous stories about financing troubles that range from encyclopedic numbers of forms to rejection after the borrower had already been qualified and the ever increasing scrutiny of the home itself. Getting a mortgage is much more difficult now than it was a few years ago.

I think that a Home inspector that does a thorough job and brings the facts to the table are invaluable in the transaction. In the cases of the increased home scrutiny the Inspector may be relied on to advise the transaction participants of problems the underwriters through their appraisers may find. Timely and thorough inspections can give the necessary advanced warning to correct issues before they derail the deal.

Everyone Likes to ride the white horse, even insectors:)

Thorough Home Inspectors

 

 

Posted by

Eastern WA Home Inspections, LLC

    Serving Adams, Grant, Lincoln, and Spokane Counties

   Home inspections and Structural Pest Inspections

http://www.easternwahomeinspections.com/

Our Mission- To provide our clients with quality inspections and professional customer service, using the latest in digital photography, state of the art detection equipment, and industry leading web-based reporting.

 

 

 

Comments (2)

Donald Hester
NCW Home Inspections, LLC - Wenatchee, WA
NCW Home Inspections, LLC

Dennis,

I do not think I have never bunched a deal. Just made unbiased observations and recommendations. If everyone is honest then there is no way to bunch the deal, it just mean the deal will happen with another home. In this market there is ample supply of homes.

 

Oct 20, 2010 04:10 AM
Not a real person
San Diego, CA

I don’t think a home inspector has ever bunched a deal. Sometimes the house committed suicide. Other times, the Sellers forgot to maintain it, for whatever reason. Sometimes the real estate agents don’t know how to negotiate to come to a win-win, and sometimes the Buyers and Sellers are just obstinate. But I think I know what you're saying. ☺☻☻☺

Oct 20, 2010 09:59 PM