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Things that fail a home inspection.
What Is a Home Inspection Contingency and Why Is It Important?
Before you buy a home, one of the things you should do is to have it checked out by a professional home inspector.
Is a home inspection required for a mortgage
Yes, we can hear your objection: "Buying a home is expensive enough as it is! Why would I choose to fork over hundreds more if I'm not required to?"
In this article, we'll delve into what a home inspection can reveal and whether it's worth it for a home buyer to hire an inspector.
Key Takeaways
- A home inspection contingency allows buyers to hire a professional who will tell them about major and minor issues with a home before purchasing it.
- A thorough inspection is a critical step in purchasing a home, and many lenders won't offer financing on a home without one.
- Home inspectors look at the exterior and interior parts of the home, including but not limited to electrical, plumbing, roofing, HVAC, and foundations.
- Home inspections can uncover potentially life-threatening problems like mold or faulty wiring that could cause a significant fire.
- Most potential buyers have a seven-day window a
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