Housing inspections
The inspection of a home should not be confused with the
appraisal of a property. An appraisal is an estimate of value by a professional
appraiser. The inspection of a home is the examination of a property to
determine the state of the structural and mechanical systems. The inspection
must be carried out by a professional housing inspector.
Although home inspections are optional, it is recommended
that you include an inspection of the home as one of the conditions of your
Purchase Offer. By making your offer subject to an inspection of the home with
acceptable results, you can withdraw the Offer if the inspection reveals
significant problems that neither you nor the seller wish to resolve.
In fact, you can request that the inspection be carried out
before applying for a loan. In this way, it will detect any problem the house
has before allocating time or money to obtain financing.
Generally, as a buyer, you are required to pay for the
independent inspection of the home. The professional inspection of a house
usually takes between two and three hours and offers valuable information on
the structural status and mechanical systems of the property.
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