l the inspections are done, the utilities have been ordered to transfer over, and the bank has all their required documents. Here are those important final steps that take you from home buyer, to home owner.
When you purchase a property using a mortgage, your bank will require an appraisal. The appraiser is there to protect the bank’s interest in the property by verifying the property’s value.
There are many home inspections for different reasons, but the standard inspection checks to make sure appliances and major systems (hot water, HVAC, etc.) work, and examines windows, roofs, and plumbing for any visible damage or malfunctions.
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While there is a basic inspection with inspectors and their inspections regulated by the state, there are also specialized inspections that you may need, depending on the specific home and situation.