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Friday, September 02, 2011

Home Buying Tip: Home Inspection is what it is…An Independent Report

The home inspection is one of the most important steps in the home buying process.  That is why, even in an “as is” situation such as a short sale, I always include a property inspection contingency in the contract.

The home inspection is not a pass-fail report.

The home inspection is an objective assessment of the property in its current condition.  It is a report of findings of fact such as age of appliances, functionality of major systems at the time of inspection.

Real estate agents should not (at least I will not) interpret the report and advise as to whether to accept report and proceed.  I may recommend a buyer ask for repairs even on an “as is” contract because “as is” does not always mean “as is.” 

But it is the buyers decision whether to proceed to the next step – closing.

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