Are Home Inspections Standard - EP237 - Homeownership copertina

Are Home Inspections Standard - EP237 - Homeownership

Are Home Inspections Standard - EP237 - Homeownership

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In this episode we discuss that during the height of the pandemic market we saw people waving home inspections on the majority of home purchases. Recently we have seen an uptick in the amount of buyers choosing to have a home inspection. Having a home inspection is not required in order to obtain a home loan but there are some standards that must be met based on each loan type. The appraisal is the process where the lender does their property inspection to watch out for major items. Choosing to waive a home inspection oftentimes gives an offer a better chance of getting accepted. That said it puts full liability on the buyer if they purchase the home and something is wrong.

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