How to Get a Mortgage: Meet the Home Inspector is a mortgage borrower's personal guide to team members involved in the mortgage application process. You've met your real estate agent and mortgage lender. Now let's get to know your home inspector.
Most people buying a house want to know why they should consider hiring a home inspector while they are in the shopping stage. Few of us are thrilled over putting out additional money for a home we might not end up purchasing.
But without the professional home inspection checklist, it is difficult to know if the property under consideration is a good long-term investment. After all, who wants to own a money pit because of an emotional purchase.
No house is perfect and the house you live in is no exception.
The danger when buying a house the second or third time is that you'll be a pro at spotting the same tired problems you have now.
This familiarity can cause blind spots when you are shopping for a home. Your licensed home inspector gives an unbiased approach to your real estate transaction while performing a roof to foundation exam of the home under consideration.
Think of the home inspection checklist as a back stage pass to the condition of the house.
This alone is good reason to hire a property inspector who will go through the house on the look-out for not so obvious high priced trouble makers, such as inadequate electrical systems or issues with the foundation.
In some cities, buyers negotiate repairs with the seller depending on the results of the home inspection.
Your Realtor can help with this. Items requiring attention on the home inspection checklist will form the basis of negotiations between you and your seller.
But no home inspection report can catch every single detail. Sometimes even big problems slip past the best home inspector.
So purchasing a home warranty on some of the more expensive components such as electrical, plumbing, heating and appliances can provide peace of mind.
If repairs are needed after the transaction closes, you already covered your bases with a home warranty. Again, this is another way a top rated real estate agent can assist.
How do cups of tea, cute faces, antique books and jackets relate to property appraisals?
Find out why at Part 4 of How To Get A Mortgage and meet Les, Mike, Ernie and Larry.
Home Buyer Inspection Good Idea - A home buyer inspection is definitely not throwing away money in most cases.
Test Drive Before Buying - Why a home inspection is like a test drive
Home Inspector Worth Weight In Gold - When you first realize how expensive the home buyer inspection is, the temptation comes to forgo hiring a home inspector.
Home Buyer Inspection - New York perspective on home inspection checklist
Unbiased Home Buyer Inspection - One Reader's call for concern
Buying A Foreclosure Home - Will the bank guarantee the condition of the house since the property is bank owned?
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How to Buy a House Part 1 Meet your real estate agent and save yourself heartache and headache.
How to Buy a House Part 2 Meet your mortgage lender - Expect more than quoting the lowest rate or taking an application.
Check out List of Mortgage Companies, a local lender directory.
How to Get a Mortgage Part 3 Meet your home inspector and avoid buying a money pit.
How to Get a Mortgage Part 4 Meet your real estate appraiser - Does an appraisal assures you of a good deal?
How to Get a Mortgage Part 5 Meet your title insurance companies for coverage resulting in peace of mind.
How to Get a Mortgage Part 6 Meet your homeowners insurance agent because there is more to it than the cheapest quote.
How to Get a Mortgage Part 7 Meet your escrow and closing disclosure form, the guardian of your real estate transactions.
Title, Abstract Services and Escrow Agents, a mortgage service provider directory.
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