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Courses in this Department


Want to Invest in Real Estate?

How to Hire a Realtor

Whats the Key to Locking in a Mortgage?

How to Improve Your Credit

Watch out for Mortgage Fraud

Need a Buyer-Broker?

Learn How to Best Insure Your Home and Save Money

Avoid Trouble on Your Kids Mortgage

Downward Direction for Down Payments

How to Hire a Contractor

Save Money by Cancelling Your Private Mortgage Insurance ("PMI")

Crunch the Numbers and Drop Your Private Mortgage Insurance ("PMI") Payments

Whos Watching your Deposit Money?

Remodeling Value: Your Best Investments

More Than One Way to Pay for Remodeling

File Your Income Tax Returns Early and Save Money

Types of Loans Available for the Self-Employed

Top Five Homeowner Tax Saving Ideas


 

How to Handle an Inspection

From your side.

Arranging It
The schedule should fit yours.

Arrange for the inspection when your contract offer is accepted. Schedule yourself to be there so you see the condition of the home firsthand and ask questions. A home inspection takes about two to three hours.

Find out WHEN you'll get the final report backļæ½make sure it's in time for closing!

Make Sure You Read What's In It
And know it well.

Read the final inspection report carefully. Make sure it includes a clear, objective evaluation of the home, including immediate defects and any potential problems. Get your inspector to answer any questions about the report well before closing time.

Don't Accept Vague Answers
Or ambiguous data!

Here's a vague answer: Bathtub in POOR condition.

What does that tell you? Zip! It doesn't tell you if the tub is repairable or needs to be replaced. Is it made from fiberglass, ceramic, or composite? Is it minor wear or deep dents and scratches? You need a full description and a recommendation for curing each problem.

Translate the Technical Talk
No jargon here.

While your inspector is still on site, ask questions regarding terms or conditions you may not understand. Get technical jargon clarified into layman's terms. For instance, what does it mean if the inspector says the concrete foundation has "common" cracks? Translation: common cracks occur normally during concrete curing and or shrinkage.

What's the NUMBER ONE rule for handling an inspection? UNDERSTAND the report completely. That means reading it carefully and asking questions.

You Need to Be Careful

Be sure to avoid these pitfalls when looking for a home inspector...


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