The thought of purchasing a home can be a daunting task. That's why it's so important to hire professionals to guide you through the process. One of the professionals you will need is the home inspector. The role of the home inspector is to act as an unbiased third party to inspect every component of a home to determine the working condition and to report their findings. Inspectors do not document cosmetic issues, but primarily, they inspect for deficiencies.
Another party to the transaction is the appraiser. An appraisal is ordered by the lender and is specifically used to determine the value of the home. Lenders want to ensure that the contracted price is supported by other recent sales in the neighborhood. Thus, the appraiser's job is to reconcile data for the neighborhood that substantiates the value.
Always consult with your real estate professional to help you understand when each step occurs in the process.
Author:Robin ONeal-Smith Phone: 214-245-9068 Dated: August 8th 2016 Views: 159 About Robin: ...
View our latest blog posts in your RSS reader. Click here to access.
WHO WE ARE
SCOTTIE SMITH II & ASSOCIATES is one of Dallas/Fort Worth’s fastest growing boutique brokerage firms. We are located in the historic Deep Ellum District of Dallas, Texas and focus on addressing the needs of home buyers, sellers, and investors. We do more than close real estate transactions; we help our clients build wealth and restore communities!
Where Are Home Prices Heading In The Next 5 Years?
"After going through a failed sale, a business partner introduced me to Scottie. He came over and did a walkthrough and presented me with statistical data on my house and neighborhood. Scottie had complete confidence that my would sell in no time. He was right! I was very impressed with the amount of traffic my house received, not to mention the contract. Scottie and his team were A1 and professional! After completing some "to-do" items for him and the buyers, I signed the paperwork and closed the sell of the house to the new home owners today! Smoothest process ever!"