A home inspections are different then appraisals. Home inspections are for buyers and appraisals are for lenders.
A home inspection will provide the buyer with detailed information about the condition of the property before the closing. You should always employ a qualified home inspector, one who is certified by the National Association of Certified Home Inspectors. The home inspector will evaluate the condition, structure and mechanical systems of the home looking for any major defects (such as structural damage) and alert you to any safety hazards that may exist. You will also be provided with a written report, photographs and a checklist of items that will need to be addressed.
An appraisal are for lenders and are required to several reasons; to estimate the market value of the property, to make sure the property is marketable and to make sure the property meets FHA standards.
You have the right as a buyer to carefully examine the property with a home inspector. This can be done before you sign a contract or after. Just make sure that your contract specifically states the sale of the home depends upon the inspection. It is your responsibility to be an informed buyer, make sure what you are buying is acceptable to you.
Contact me by email at Kari@KariBattaglia.com. Need information fast, call me direct at 941-270-1851. I am currently accepting referrals.
Copyright© 2008 By Kari A. Battaglia, All Rights Reserved.
Kari A. Battaglia, GRI - Realtor®, Broker Associate - Coldwell Banker Residential Real Estate - 331 W Venice Ave., Venice, FL 34285 - 941-270-1851 direct - 941-484-9715 - office 800-969-1990 toll free - Kari@KariBattaglia.com
www.KariBattaglia.com, VeniceAreaHomesBlog.com, FloridaMoves.com/Kari.Battaglia
Comments (6)Subscribe to CommentsComment