What is the difference between a home inspection and a home appraisal?
Home appraisals are ordered by the lender to determine a fair market value of the home. An appraisal will note obvious problems but will not determine the condition of the property. Professional home inspectors often can find a problem with a house that you may not uncover on your own. A home inspection is recommended to determine the quality and the fitness of the home. Should a home inspection always be done? A home inspection is up to the buyers but it is always recommended. The cost is approximately $2250to $300 depending on the size of the home. Do I need home insurance and when should that be taken care of? Fox Communities Credit Union requires home insurance because we have a loan on the home. Prior to closing you will need to obtain a binder and a paid receipt for the first year. What is Title Insurance and why do I need it? Title Insurance is an insurance policy that protects the owner and the lender against the possibility of loss created through defects or encumbrances in ti
