Home Buying Process
- My Commitment to You
- Pre-Approval
- Pre-Approve Yourself
- What Does My Monthly Payment Pay For?
- Types of Loans
- Preparing Yourself
- Earnest Money
- Down Payment
- Closing Costs
- Insurance
- Finding What You Want
- Finding What You Need
- Making an Offer
- Counteroffer
- Inspections
- Re-Negotiation
- Final Walk-Through
- Closing
- Change of Address
Inspections
Once your offer has been accepted by the sellers, you usually then have a time period in which you can perform inspections on the property to help ensure that everything is in working order and in good condition. A termite inspection is generally necessary because most lenders will only lend money on a house if they are sure that there are no termites, and the next most common inspection is by a licensed general home inspector. The general home inspector will be able to perform a detailed inspection of the house and determine if the general elements are functioning properly and if there are any potential problems that should be further investigated by a qualified specialist, such as a structural engineer, electrician, plumber, etc.