The home inspection process: Should you skip it?

Housing Wire

People often confuse the home appraisal with the home inspection. Inspections, on the other hand, are designed to assess the condition of the home, and they’re 100% optional for the buyer. Are you considering skipping the home inspection?

Are borrower-assisted inspections here to stay?

Housing Wire

In most cases the in-person inspections required by GSEs, FHA and VA policies can continue per policy; however, adjustments to policy compliance are often needed to get the loan underwritten. This allows appraisers to form an opinion of value without personally inspecting the subject property.

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How agents kill deals over home inspections

REM Online

The original post can be found at the following URL: How agents kill deals over home inspections. As a manager, I have seen too many deals fall through because of home inspections. Here is how home inspection conditions should be handled.

HUD resumes inspections of public housing units amid COVID-19 pandemic

Housing Wire

The Department of Housing and Urban Development said it was resuming in-person inspections of public housing units, though families concerned about the spread of COVID-19 can decline to have a HUD worker in their home.

Preparing for a Home Inspection

RIS Media

Selling a home is no easy feat, and clients look to the expertise of a real estate agent to guide them through the process. It’s also important that you guide clients through the home inspection process. All home inspection companies are not created equal.

Incenter’s virtual appraisal solution brings “arms-length” photos back to the remote inspection process

Housing Wire

With social distancing and lockdown orders, inspectors and agents struggled to determine a home’s value without being there in-person. To help mitigate these pain points, Incenter Appraisal Management is offering remote BPO and remote inspection capabilities paired with AVMs.

Why you shouldn’t waive the home inspection

Realty Biz

need one or two things to be patched up, with 86% of all home inspections turning up some kind of problem, according to a study by the home improvement website Porch.com. Besides making a higher offer, some buyers are also waiving the home inspection to make their offer stand out.

How to execute an effective walk-through inspection

Inman

A walk-through inspection won't uncover everything a full inspection would, but it can still help reduce buyer risk in a hot market. Here's how to make the most of it.

The Art and Business of Home Inspections

RIS Media

No matter which way things went down, Pillar To Post Home Inspectors® inspected real estate valued at over $55 billion and served hundreds of thousands of customers. Things have changed in the home inspection world, and success comes from anticipating and serving those changes.

Avoid deal-breakers! What you should know about inspections

Inman

Even though many buyers are opting to forgo inspections, agents still need to be familiar with them to protect their buyers as much as possible. Here are a few inspections that'll help pinpoint problems within a property — and avoid a major deal-breaker.

Ask Your Agent: 10 Questions for the Home Inspection Process

American Lifestyle

The post Ask Your Agent: 10 Questions for the Home Inspection Process appeared first on American Lifestyle Magazine. Buying & Selling Finance Financial Advice Home Advice Home Buying Home Inspection Home Loan Real Estate Real Estate Agent Refinancing

Hot Markets: Does My Client Need a Home Inspection?

RIS Media

Many buyers in today’s red-hot real estate markets are tempted to forego the home inspection. First, the home inspection allows the potential buyer to learn about any major defects or damage that will need to be addressed.

Home Inspections: Checklist of What to Know and Inspect

Realty Biz

Checklist When Getting a Home Inspection. When you are buying a home, the home inspection can be an exciting time. Home inspections can help you confirm you’ve made a good home buying decision or give you a list of issues to raise with the seller. Home Inspection Checklist.

Home Inspection in the Age of COVID-19

RIS Media

You’re recommending a home inspection so they can learn about the ups and downs, and ins and outs, of their likely next home. But with the current pandemic affecting the home-buying process in so many ways, things need to be handled a bit differently now, including the home inspection.

Home Inspections in the New Year

RIS Media

A: All of the on-site inspection procedures we introduced last March to keep REALTORS® and their clients safe have either stayed with us or undergone improvements based on what we determined worked best for our clients since this all began. Dan Steward. President and CEO.

Preparing for an inspection? 10 things sellers need to do

Inman

There are many obstacles that can derail an inspection, especially in today's COVID-19 climate. As an agent, you should step in and offer sellers advice on what to do to make the process go a bit smoother.

Understanding the Importance of Property Inspections

Realty Biz

Property sales can fall through because of several reasons with 21% changing their mind, 14% not having an offer close to the list price or finding a less expensive home to buy, and 15% bailing out after an inspection report. What Happens During an Inspection.

Tips for Negotiating After the House Inspection

Realty Biz

The fact is that another round of negotiations is frequently needed after the house is professionally inspected. Nor should the inspector be involved in a second round of negotiations after the inspection. Risks of Waiving a Home Inspection. Your Options After the Inspection.

What’s the Difference between an Appraisal and a Home Inspection?

Keeping Current Matters

It’s also a different step in the process from a home inspection , which assesses the condition of the home before you finalize the transaction. Home Inspection. Here’s the key difference between an appraisal and an inspection.

Condominium Inspections: What You Need to Know

RIS Media

Many buyers of condominiums tend to underestimate the value of a home inspection or sometimes will want to forego it altogether. But a home inspection can be just as important for condo buyers as it is for buyers of single-family homes in terms of making an informed decision, or simply becoming educated about the home. Some frequently asked questions about condo inspections include: Does the condo inspection cover more than just the subject unit?

Ask the Expert: Home Inspections in Today’s Environment

RIS Media

The value of the homes we inspected was over $55 billion, and thanks to all we learned and implemented last year, we are growing and continue to be very excited. Home inspections actually increased as time went on.

Should Your Listing Agent Attend the Home Inspection?

RIS Media

A home inspection is a critical part of a real estate transaction. A prospective buyer can decide how to proceed based on information included in the inspection report. In some states, the listing agent is required to attend a home inspection.

Should You Get a Home Inspection Before Listing It?

Tre Pryor

Many experts recommend getting a home inspection before listing it. Making this your goal means a higher sale price, so a home inspection is a good idea. If selling your residential property … Continue reading "Should You Get a Home Inspection Before Listing It?".

Are Pre-listing Home Inspections Worth It? Here’s What Sellers Need to Know

HomeLight

The home inspections process is often one of the greatest obstacles to closing a swift sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021.

Pre-Listing Home Inspections are a Win-Win

RIS Media

One of the best, most effective steps toward that goal is to have a professional home inspection prior to listing. The inspection report will also provide important information you can use to price the property correctly and maximize its value. Agent Best Practices Latest News

Getting Ready For a Buyer’s Home Inspection is Smart

Realty Biz

How to Prepare For a Home Inspection. Before you can prepare for your move, you need to get ready for the home inspections. Preparing for a home inspection will make sure your home sale proceeds as smoothly as possible. What Happens During Home Inspections.

More buyers waive the home inspection to get the deal done

Realty Biz

With buyers facing increased competition for what few properties are on the market, some are choosing to waive the home inspection. In June, around 20% of successful bids submitted by Redfin real estate agents in the U.S.’s Home Buying home inspection home inspector

How Much Your Inspection Will Cost, And What It Will Tell You

HomeLight

If you’re trying to save money or keep your costs down, you may wonder if you really need to have a home inspection done. When your agent helped you write your offer , the home’s condition informed your offer price. So, why get a home inspection? What is a home inspection?

Can You Sell a House As Is Without Inspection? A Reality Check

HomeLight

Selling a house “as is” without inspection is the definition of driving a hard bargain. As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen. Why ‘as is’ doesn’t always mean no inspection. The downside of no inspection?

Pillar To Post Home Inspectors® Drives Confidence in Home Inspection Safety

RIS Media

” Headquartered in both Tampa and Toronto, Pillar To Post celebrated its 25th year in 2019, adding 65 new home inspection franchisees to its roster—designated once again by Entrepreneur Magazine as the gold standard in the industry. They don’t even need inspection experience.

HOME INSPECTIONS WHEN YOU’RE NOT BUYING OR SELLING

The Living Room

You might even remember that home inspection from when you purchased it. Home inspections are a snapshot of how a house performs on the day the inspector is there. The post HOME INSPECTIONS WHEN YOU’RE NOT BUYING OR SELLING appeared first on Living Room Realty.

12 Of the Most Common Repairs Needed After a Home Inspection

HomeLight

The home inspection : It’s that critical moment when the buyer anticipates that everything will be okay with the house — and it’s the time where sellers are biting their nails. Here are some of the most common repairs needed after a home inspection or a specialized home inspection.

Do Sellers Get a Copy of the Inspection? Why a ‘Need to Know’ Basis Is Better

HomeLight

This response may irk you, but when it comes to the inspection, what you know can hurt you as a seller. Whoever paid for the inspection gets the report. The buyer’s agent usually provides a list of inspectors they recommend. Gain control with a pre-listing inspection.

Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done. Should you ever waive a home inspection?

What to Look for During a Home Inspection

Tre Pryor

When buying a new house, you should always have a professional inspect it. Once you get your inspection report, this article covers the biggest areas to look for during … Continue reading "What to Look for During a Home Inspection".

16 Questions To Ask a Home Inspector Before, During, and After a Home Inspection

Realtor.com

To ensure you get the most out of your home inspection, here’s a timeline of queries to hit before the inspection even starts, during the actual home inspection, and well after it’s over. Questions to ask a home inspector before the inspection begins.

‘Our Dream Home Failed Inspection’: A Warning to Buyers

Realtor.com

So I called our real estate agent and arranged to see the property in person. Our real estate agent shared the home’s history: It had been in one family for ages, and after the matriarch died a few years ago, various children and cousins stayed there from time to time, and occasionally rented the place to friends. But there was one more step: the home inspection. Ready, set, inspect. How a home inspection can save you from real estate ruin.

Pillar To Post: ‘Big Mistake’ to Skip Home Inspections

RIS Media

According to Pillar To Post, in a strong seller’s real estate market, there is an inclination to forgo a home inspection. If you find a home you love and are ready to make an offer, let the seller know you can have the inspection done quickly. The markets have been bustling.

Be Prepared: A Homebuyer’s 194-Point Inspection Checklist

HomeLight

There’s still a major hurdle to overcome in your homebuying process: the home inspection. And to follow along, you’re going to want a home inspection checklist specific to you as a buyer. A home inspection is much more than a mere formality. What is a home inspection?

Missing Something? Here’s What You Need to Know About Home Inspections

HomeLight

This is why a good, thorough home inspection prior to closing is so important. Inspections look for issues such as foundational problems, leaky roofs, electrical issues, and a number of other things that can turn your dream home into a nightmare if not addressed. “In