Mortgage Lending Library
If you are buying a home, applying for a new home loan, or going through the process of acquiring a new property, the home inspection is one of the most important parts of the process. A home inspection helps you to determine whether a property is in the same shape it was when you first contracted for the property. You may be able to conduct a home inspection yourself, but it is generally best to hire a qualified home inspection professional. A home inspection professional can find liabilities and problems that may not be visible to the average home buyer. In general, when doing a home inspection, make sure that the realtor is there with you so that any problems that are found with the home can be noted right away by the realtor. Many people are rather shy about conducting a home inspection on the property they are buying, but there is no reason to feel embarrassed about this process. A home inspection is absolutely essential to protect your interests when you are buying a property. If you conduct a home inspection yourself, be sure to check all aspects of a house – turn the lights and heat on and off, flush every toilet and turn on every sink, glance into every cupboard and into the refrigerator. Wear comfortable clothes and be prepared to look into every nook and cranny of the home. While this may feel a little awkward at first, it is the only way to tell whether the home is in the same general condition as when you contracted for it. If problems are found during a home inspection, it may delay the home buying process or it may mean renegotiation price, so that you can get the money you need to repair the damage. General wear and tear is not covered by a home inspection. However, if damage has been done to the property -- either intentionally or unintentionally -- that is grounds for getting out of the contract or renegotiating a new contract based on the new condition of the property.