CHAPTER 8 Inspections, Appraisals, and Keeping Your Deal on Track The house hunt is over, and you decide to start the closing process on your soon-to-be home. You have visited the house and seen it at its best—beautifully polished, shiny, and welcoming. What if this is just part of the picture and something is hidden underneath its glossy surface? Issues here may vary, from termites and mold to leaking pipes or cracked support walls. This is why, before closing a deal on your highly anticipated new property, this phase is all about verification. It’s where we move from “I love this home” to “I know this home is a good investment for me.” And that means getting clear answers about the property’s condition, its value, and whether it truly meets the terms you agreed on.
WHY DO YOU NEED A H U NEED A HOME INSPECTION?
Some buyers tend to skip this step, especially if the market is hot and you’re competing with several other buyers. Home inspections cost money and take time; however, if there are serious issues found, more time and money is saved after a fair deal is closed. You need a house inspection to know what, exactly, you’re buying and what to expect from your property in the future. During this process, specialists will examine the house to determine its condition and the viability of all the house systems. Don’t confuse the house inspection with house appraisal. The inspection will clarify the current state of the house, not what it’s 51
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