You’ve chosen a home, made the offer and now comes the inspection — a vital step in buying a home, particularly for first-time home buyers. It's important to check any new home thoroughly. A qualified home inspector looks at everything with a trained eye, pointing out defects you ma...
This is referred to as the due diligence period. When a home inspection is completed, you should have an excellent idea of the property’s condition. It is not uncommon for a home inspector to find several defects. No house is perfect. Buyers may choose to terminate the real estate contrac...
I’ve been in the same house for 17 years. After some pretty significant storms, many of my neighbors had their roofs inspected by their home insurance companies to get their roof claims approved. We had our insurance company inspect our roof twice, but both times they said there wasn’t...
But when buying a used car, there’s a greater risk that your new-to-you auto may have some hidden or undisclosed issues. Even with the most honest intentions, sellers sometimes overlook potential flaws that others may notice. This is where a pre-purchase inspection can come in handy — ...
» MORE:Costs to know when buying a house How long is a property valuation valid? Property valuations are generally good for about three months. However, this varies considerably, and any changes to market conditions — such as the onset of a recession or worse or subsequent damage or renov...
For in-person auctions, the viewing window for interested buyers to inspect the car may be limited to just a few short hours. If you’re a buyer, you may need to pay an entry fee and register to be a bidder. This may involve putting a hold on your credit card to ensure you’re ...
The insurance company will typically send an adjuster to your home to inspect the property and document the damage. They’ll then determine whether you have coverage under your policy. (For example, if you have only building coverage, the insurance company won’t pay for damage to personal bel...
where the damage is and when it occurred. Before sending any payout, your insurer may request that you submit pictures of your home’s damaged portions or allow a claims adjuster to inspect the damage. Once you initiate the claims process, your insurance provider will determine the next steps...
Homes purchased with FHA loans must meet specific safety, security, and structural standards. An FHA-approved appraiser will inspect the property to ensure it meets these guidelines. Key requirements include: Safety:The home must be free from hazards that could affect the health or well-being of...
If possible, it helps to print out the manufacturer’s specifications or owner’s manual if you can find it on the internet. Bring this with you when you inspect the machine.This sitehas a huge array of machinery owners manuals Inspecting The Mower: First Impressions ...