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Demystifying Inspections and Appraisals: Private, City, and FHA Explained
Manage episode 431821410 series 3312266
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🏡 Private Inspections: Learn why private inspections are crucial for understanding a home’s condition before purchase. Discover the pros and cons, including how they can give you leverage in negotiations.
🏢 City Inspections: Understand the role of city inspections in ensuring new constructions and major renovations comply with local building codes. Find out why they’re essential for safety but not as comprehensive as private inspections.
💰 Appraisals: Get the lowdown on appraisals, which determine the fair market value of a property. Learn how they protect buyers and lenders from overpaying and why they’re necessary for securing financing.
🏠 FHA Inspections and Appraisals: Clear up common misconceptions about FHA inspections and understand how FHA appraisals combine value assessment with basic safety checks.
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