Certified home inspectors are qualified individuals who are trained to evaluate the condition of homes, offices, and other buildings. Their job is to look for any signs of damage that could impact the home’s use and thereby its price. Inspectors also look for and report on problems. They check every square inch and then issue a home inspection report with their findings and recommendations that home buyers and sellers then use in the negotiation of the home buying or selling process.

DOT Mortgage Brokerage with Lisa Marie Schwartz is a mortgage brokerage firm that helps home buyers find the home of their dreams. We also help with cash out refinances and home equity lines of credit. As a best mortgage lender, we work hard to ensure you get the best terms for your home loan. Contact our mortgage company in Evergreen today!

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. Fox Valley Mutual Mortgage recommends that you hire your own inspector to ensure that your interests are being protected. Contact our team for more information today!

When Do You Use the Home Inspection Report?

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

Note that once the inspection report has detailed the issues with the home, you can negotiate repairs. Knowing the actuality of the condition of the house will allow you to include contingencies that the seller must meet so that you don’t 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. Let our mortgage brokers answer your questions. Reach out to us today.

Mortgage Loan Closing Time

Prior to the loan closing, a final home inspection should be done by a certified home inspector to ascertain that the conditions of the agreement have been met. This is commonly called the walk through. Your real estate agent will set up a walk through of your future home as close to the actual closing as possible so that you can see what has been done. This is your last chance to ensure that all of your requested repairs have been performed to your standards and that you see nothing else of concern. Once you have signed at the closing of your home, your options will be limited if recourse is needed.