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Some lenders require inspections (such as termite inspection) to verify that the property is in good condition, which is necessary to assure that the property will retain the necessary collateral value to secure the mortgage loan. During a typical transaction in the United States, inspection fees are paid at time of service and not closing ...
Schedule annual termite inspections. This is an important step for all homeowners. An annual inspection can catch an infestation early and prevent further damage. Consider having a professional ...
Money tip:The average cost of a home inspection is $342 — a relatively small price to pay for peace of mind about your home's condition. Additional factors that impact inspection costs include a ...
“Termites, rodents and other pests can cause big problems and expensive treatments if they go unnoticed. It’s always a good idea to get regular pest inspections to avoid costly surprises later ...
Thus, the lender commonly requires title service including title search and title insurance by an independent title company, appraisal and termite inspection of the property to ensure it has sufficient value, a land survey to ensure there are no encroachments, and use of lawyers to ensure the closing is done correctly.
A home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections. The inspector prepares and delivers to the client a written report of findings.
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