Select A Department:

Courses in this Department

How Ready Are You to Buy a Home?

Determining Your Dream Home and Finding It!

Factory Built Homes Are Worth a Look

Purchase Manufactured Homes with FHA Loan

How to Buy a Foreclosed Home

Pros and Cons of Corner Lots

Know the Neighborhood Before You Buy

Tune in to an Open House on the Radio

Finding a Qualified Broker or Agent

Shopping for a Loan and Choosing a Lender

How to Improve Your Credit

How to Survive the Loan Application Process

Making an Offer and Signing Contracts

Cancel Your Contract in 3 Days

Understanding the Closing/Settlement Process

Choosing Home Inspection and Settlement Professionals

Double Check Your New Home - The Walkthrough

Know Your Consumer Rights

Seniors Have Many Housing Opportunities

Preparing for the Big Day -- Relocating Moving

Make Your Home Your Castle - Cost Effective Redecorating Ideas


The Home Inspection:
What Is It? Why Do I Need It?

The Description
And reason.

A home inspection can save you heartache before you move into what you thought was a dream home. It is easy to overlook problem areas when you are caught up in the house itself. Your mind is filled with where you are going to put the furniture, more than it is on whether the furnace is in good working order. This is where a good home inspection can save you some trouble.

A home inspection is a little like an insurance policy. You hire a trained professional to look at the house with a critical eye and find the problem areas. They are trained to look for areas that need repair or which contain defects. Many of these are not visible to the naked eye, such as cracked foundation or worn-out plumbing. This is what the home inspection is for.

Without a home inspection, you have no recourse against the seller.

It is the only thing that stands between you and the seller in negotiating a fair price. Without the home inspection, you could face thousands of dollars in repairs that were not disclosed during the purchase process.

Typical Cost
It depends...however...

Most home inspections cost between $250 and $500. This is a small price to pay to find problems with the home. According to statistics from the Federal Trade Commission, nearly 42% of homebuyers face unexpected repairs in their homes costing an average of $500 after moving in. More than one in nine is forced to pay more than $1000 for repairs. This puts the small fee for a home inspection into perspective.

That's what they look for.

A qualified inspector may find problems you don't want to live with and be the reason you don't close on the house. Ideally, the seller will offer to repair any problems so the deal will close, or at least agree to adjust the price to cover the repair costs. This is why adding an inspection contingency clause in the contract is essential.

How would you like to close on your house only to find out that the air conditioning doesn't work the first hot day? Or the furnace when the first frost hits? These are things the inspector will look for.

What Does It Include?

Our next section gives you great detail about the inspection itself.

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