FHA required home inspections
By admin | November 15, 2007
If you are planning to get an FHA secured mortgage loan to purchase a home then you will be required to have the property inspected. Many buyers make the mistake of not having a home inspected before they buy, and they get stuck with expensive problems that should have been fixed before they bought the home. Even though there is a fee for the inspection, it is well worth the piece of mind in the long run.
In order to get a home inspection you can talk to your FHA approved lender. They will be able to recommend you to a reputable approved inspector that will thoroughly go through the home and let you know if there are any areas you should be concerned with.
When you first get the inspection report look it over with your real estate agent or FHA approved lender to see if there are any real problems. If there are issues, then you can choose to ask the seller to fix the problems, take money off of the asking price to reserve for you to have the problems fixed, or look for a different home to purchase.
For more information on home inspections and FHA loans go to http://www.fha.gov/buyer/process.cfm
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