A home inspection is a normal part of the home buying process where an experienced inspector evaluates the condition of the home being sold. A home inspection is a basic, noninvasive survey of the home and property. It is meant to alert the buyer and lender of any problems with the home that may decrease the value and/or need to be fixed. Most lenders won’t loan money on a home that has not been inspected.
With the mini-boom we’re seeing in the housing market right now, many homes that are for sale have multiple offers from buyers. Some buyers are choosing to forgo the home inspection in order to gain the spot as the top bidder on a home. Continue reading “Home Inspection Basics” »