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An inspection is required for most home purchases that are financed. The inspection report would clearly indicate the construction type. If buyers aren’t readin
by cudgy 4y ago
An inspection is required for most home purchases that are financed. The inspection report would clearly indicate the construction type. If buyers aren’t reading their inspection reports, what can you do?
- zippergz 4y agoI don't think this is accurate in the US. Yes, FHA loans require inspections, but they are WELL under half of all mortgages, and I am not aware of any other major lenders or loan programs that require inspections (there probably are some, but I have never encountered one in many home purchases and sales). Most do require appraisals, but an appraisal is very different than an inspection, and usually the buyer does not see the appraisal report (as the actual customer is the lender, not the buyer).
- analog31 4y agoI've had home inspections done. It's a scam. The inspector finds one or two token things, and creates a fancy looking report.