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Are home inspections a required in all real estate transactions?

April 26, 2017home inspections Real Estate transactions

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Are home inspections a required in all real estate transactions?

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No, but they should be! More and more are requiring a home inspection when a loan transaction is pending. Almost all HUD loans require a roof inspection before a loan can close. Home inspections mainly benefit the prospective buyer or new home owner. For this purpose, an inspector should be independent of any lending institutions or the seller’s real estate agencies. It is common for your real estate agent to recommend a good home inspector. If they don’t,you should find a good home inspector on your own and obtain an independent opinion regarding the state of the home.