• Mortgage Rates
  • Home Buyer Tips
  • Home Seller Tips
  • Real Estate
  • Around The Home

Michael Inkman

Fairway Independent Mortgage Corporation

  • Home
  • About
    • About Michael
    • Testimonials
  • Types of Loans
  • Mortgage Info
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Get Pre-Approved Now!
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • FAQs
  • Blog
  • Contact

Home Inspection

When should I have a professional home inspection done?

An independent professional home inspection, done at the right time, could save you thousands of dollars. The results may influence your purchase price, the terms of or contingencies to the purchase agreement and the type of insurance coverage you decide is needed. Knowing the condition of the house before the settlement date may save you costly repairs later on. A formal offer should include an inspection contingency. Hire your own inspector to ensure that your interests are being protected. Home Inspection

When you find the home you want to purchase, a home inspection will provide you with critical information about the condition of the house. Negotiating needed improvements can only happen if the buyer is aware of them. While an appraisal may set the value of the home, the inspection verifies the specific details of the condition of the house such as:

• the cleaning or repairs needed
• the structural aspects of the house (such as the foundation, framing, roof)
• the internal systems (such as plumbing and electrical)
• other representations made by the seller

Knowing the actuality of the condition of the house will allow you to include contingencies that the seller must meet before you become liable. A professional home inspector will know what to look for – what kinds of factors are important to evaluate before entering into a final purchase commitment.

Prior to the loan closing , a final inspection should be done to ascertain that the conditions of the agreement have been met. Once you have signed, your options will be limited.

Do You Know How Much Home You Can Afford?

Get Pre-Approved Now!

Michael Inkman

Contact Michael


michael@michaelinkman.com
Mobile: (214) 762-4659
NMLS #152707
FIMC
Company NMLS #2289

Browse articles by category

Connect with Me

Sign Up for My FREE e-newsletter!

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Categories

Archives

Quick Links

  • About Us
  • Accessibility Statement
  • Privacy Policy
  • Contact us
Texas Consumer Complaint and
Recovery Fund Notice

Third Party FIMC: bestmortgageblog.com
Equal Housing Opp
Company NMLS #2289
For licensing information, go to: www.nmlsconsumeraccess.org

Privacy Policy | Terms of Use

Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com.
The content on this website is written by Michael and reflects his opinion, and not the opinion of Fairway Independent Mortgage Corporation.

Fairway Independent Mortgage Corporation
1800 Golden Trail Court
Carrollton, TX 75010

Copyright © 2023 Michael Inkman  ·  All rights reserved   ·   Log In