Boston Real Estate FAQs / Buying /
Should I have a home inspection?
Votes: 0
The laws regarding Home Inspectors have changed recently. A real estate agent can no longer recommend a home inspector to you unless they are workign as a buyer agent. Regardless, I highly recommend you hire a home inspector once your offer has been accepted. Their job is to make sure you are informed of any possible defects in the property that the Broker
or Seller may not have known about. Usually, there is a Home Inspection
clause written into the Offer to Purchase allowing you a certain amount of time to have any inspections done (usually 5-10 days). Inspections are almost always paid for by the Buyer.
Good referral sources for home inspection services are friends, neighbors, or business acquaintances who have been satisfied with a home inspector. In addition, lawyers and mortgage brokers may also recommend a home inspector. The names of local inspectors can be found by searching the Division of Professional Licensure website at www.state.ma.us/reg/boards/hi/, or in the Yellow Pages where many advertise under "Building Inspection Service" or "Home Inspection Service."
Good referral sources for home inspection services are friends, neighbors, or business acquaintances who have been satisfied with a home inspector. In addition, lawyers and mortgage brokers may also recommend a home inspector. The names of local inspectors can be found by searching the Division of Professional Licensure website at www.state.ma.us/reg/boards/hi/, or in the Yellow Pages where many advertise under "Building Inspection Service" or "Home Inspection Service."
Others in this Category
- Could you give me a rundown of the entire buying process?
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- What is the first step in the home-buying process?
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- What about HUD homes?
- How is an asking price determined?
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- What is the difference between sales price and assessed value?
- What is the difference between an appraisal and a CMA?
- Explain the difference between a "Buyer's market" and a "Seller's market."
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- Do I need an attorney when I buy a house?
- Can I make a verbal offer on a property?
- What contingencies are usually put in an offer?
- What is a mortgage contingency?
- What is an "earnest money" deposit?
- Do I have to put down a deposit with my offer?
- How can I make my offer stand out against competing buyers?
- What happens after I present my offer?
- What happens to my deposit if my offer is accepted?
- What happens to my deposit if my offer is rejected?
- What if I don't like the results of my inspection?
- Under what circumstances could I lose my deposit?
- Do the appliances stay when a home is sold?
- What is a Purchase and Sale Agreement?
- What if I decide I want to change something in the contract?
- Do I have to put down a second deposit?
- How much should my deposit be?
- What happens to my deposits after the sale?
- When should I submit a loan application to the bank?
- What happens if my loan is not approved by the deadline in the contract?
- What happens if my loan is denied?
- How can I be sure I'm getting what I pay for?
- What happens after I get my mortgage commitment?
- What is a final walk-through?
- What does my mortgage payment include?
- How do I find out how much my closing costs will be?
- What does the closing attorney do?
- Who does the closing attorney represent?
- Can the closing date be changed once it has been set?
- What happens at the closing?
- What do I need to bring to the closing?
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