article thumbnail

Pending legislation would end home inspection waivers in Massachusetts

Housing Wire

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

article thumbnail

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. When inspections are safe and feasible, appraisers are wearing personal protective equipment (PPE) such as masks, gloves and shoe coverings.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Housing Wire

To help mitigate these pain points, Incenter Appraisal Management is offering remote BPO and remote inspection capabilities paired with AVMs. Incenter’s Remote BPO and remote Inspections don’t require homeowners to download mobile applications and take pictures on their own. Mark Walser, President of Appraisal Management.

article thumbnail

Well Inspections: A Home Buyers Guide

HomeLight

However, dealing with a well inspection and what it might reveal can raise questions about sustainability and potential health risks. In this post, we’ll walk you through the well inspection process, including what’s tested, when inspections are needed, and how much they might cost. So, at least once a year.”

article thumbnail

Killer Tips For Negotiating a Home Inspection

Realty Biz

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. It has led to home inspections coming back in vogue again.

article thumbnail

Ask the Expert: How COVID-19 Has Altered the Home Inspection Industry

RIS Media

Has there been a “silver lining” anywhere in this for your industry? Despite the setbacks of COVID-19 and other issues facing our society, the National Association of REALTORS® (NAR) reports that home sales for July 2020 increased by 24.7 Q: Can you give an example or two based on home inspections?

article thumbnail

ICE unveils two new property valuation solutions

Housing Wire

The mortgage industry faces numerous challenges related to the valuation process today,” Tim Bowler, president of ICE Mortgage Technology, said in a statement. Regulators are paying close attention to valuations for many valid reasons.