Home Inspections In Georgia Are Important For Buyers
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If the offer on your first house has been accepted, you may think the seller and the Realtor have told you everything you need to know about the history and condition of the property you are buying. Some Georgians are surprised to learn a home inspection is necessary in order for you to get approval for and finalize a mortgage. Not all real estate transactions require an inspector's report, but many lenders consider it an important part of the loan process. There are a lot of reasons why home inspections in Georgia are in the best interest of prospective purchasers.
Some prospective purchasers don't understand why they should pay to inspect a house they don't even own, but this is their responsibility. You also need to have it done as quickly as possible in case there is a serious issue that has to be addressed before you agree to close on the property. One of the best reasons to have an professional investigate the real estate closely is that person's ability to point out issues someone less experienced might not see.
When you choose an inspector, you should make certain the person is certified to do the work. The report of someone without certification may not be accepted by the lender. Your Realtor can probably recommend someone experienced and qualified to handle the job if you don't know a professional inspector yourself.
Some inexperienced buyers confuse appraisers and inspectors. They are not the same thing. Inspectors do not access value, they look for structural problems that might affect the value of the house. They check basements for water damage and foundation cracks. They inspect flooring, walls, windows, and plumbing and electrical systems. Inspectors are not certified to access the condition of septic tanks or chimneys. They are also not required to inspect sheds, barns, free standing garages or other buildings on the property.
You have the right to accompany the inspector as he or she looks over your house and ask any pertinent questions. This will give you the opportunity to see the extent of any problems found and get a feeling for what repairs or replacement costs will be. The inspector is supposed to be working for you, not the seller, the Realtor, or the mortgage lender.
Your inspector will file a formal report after visiting the property you are buying. You need to have a copy of it and clearly understand what it says. Termites are an issue in this region of the country, and you will have to get another inspector out to examine your house for these insects. A termite letter will be required before you can close on the property.
If an inspector uncovers serious and costly problems with the house you intend to buy, you should contact the Realtor as soon as possible to renegotiate the sale price. If the seller is unwilling to work with you, you might need to reconsider purchasing the property all together.
Buying a house should be fun and exciting. You will probably learn a lot as you go through the process.
Some prospective purchasers don't understand why they should pay to inspect a house they don't even own, but this is their responsibility. You also need to have it done as quickly as possible in case there is a serious issue that has to be addressed before you agree to close on the property. One of the best reasons to have an professional investigate the real estate closely is that person's ability to point out issues someone less experienced might not see.
When you choose an inspector, you should make certain the person is certified to do the work. The report of someone without certification may not be accepted by the lender. Your Realtor can probably recommend someone experienced and qualified to handle the job if you don't know a professional inspector yourself.
Some inexperienced buyers confuse appraisers and inspectors. They are not the same thing. Inspectors do not access value, they look for structural problems that might affect the value of the house. They check basements for water damage and foundation cracks. They inspect flooring, walls, windows, and plumbing and electrical systems. Inspectors are not certified to access the condition of septic tanks or chimneys. They are also not required to inspect sheds, barns, free standing garages or other buildings on the property.
You have the right to accompany the inspector as he or she looks over your house and ask any pertinent questions. This will give you the opportunity to see the extent of any problems found and get a feeling for what repairs or replacement costs will be. The inspector is supposed to be working for you, not the seller, the Realtor, or the mortgage lender.
Your inspector will file a formal report after visiting the property you are buying. You need to have a copy of it and clearly understand what it says. Termites are an issue in this region of the country, and you will have to get another inspector out to examine your house for these insects. A termite letter will be required before you can close on the property.
If an inspector uncovers serious and costly problems with the house you intend to buy, you should contact the Realtor as soon as possible to renegotiate the sale price. If the seller is unwilling to work with you, you might need to reconsider purchasing the property all together.
Buying a house should be fun and exciting. You will probably learn a lot as you go through the process.
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Get a list of important things to consider before selecting a home inspector and more information about a reliable company that specializes in home inspections in Georgia at http://www.mickeyellishomeinspections.com/index.html now.
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