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When is a home inspection required? Home inspections aren’t usually required by lenders. But they’re immensely useful for helping the homebuyer fully understand the home’s condition, as well ...
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.
Appraisal vs. home inspection. The FHA requires an appraisal (and so do many mortgage lenders for all kinds of loans, such as conventional loans), while an inspection is an optional but highly ...
Home inspections are not required for VA loans, but you must get a home appraisal. The U.S. Department of Veterans Affairs (VA) effectively has a no-limits policy on home loans for eligible ...
The procedure and requirements for the certificate vary widely from jurisdiction to jurisdiction and on the type of structure. In the United States, obtaining a certificate is generally required whenever: a new building is constructed; a building built for one use is to be used for another (e.g., an industrial building converted for residential ...
If a home inspection is performed prior to the appraisal and that report is provided to the appraiser, a more useful appraisal can result. This is because the appraiser, who is not an expert home inspector, will be told if there are substantial construction defects or major repairs required.
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