Frequently Asked Questions About Foreclosure Home Inspection
What is foreclosure home inspection?
There is no universally agreed-upon definition of a home inspection. However, an inspection report reflects an opinion of the current condition and future performance of the home's major systems (including the structure) based on visual evidence.
How much does a foreclosure home inspection cost?
Fees for home inspection are based on numerous factors. Here are some of them: foreclosure property types (single detached home, condominium, apartment, etc.), area size (square feet), number of floors, attic space, components (garage, carport, storage hut, pool, etc.) among others.
Can I attend the foreclosure home inspection?
Professional home inspectors encourage you to do so. It is a perfect opportunity to express your concerns and ask the questions that you have.
Typical home inspection takes about 2 hours.
Do you distribute your foreclosure home inspection report?
No. Only you get a copy of the report. However, we may give an additional copy to your real estate agent upon your confirmation.
How long does it take to prepare your foreclosure home inspection report?
Your foreclosure inspection report is generally ready at site or before 5:00 p.m. on the following day. Your inspection report is mailed electronically in the attachment of email or mailed to you upon your request.
Does home inspector fix the problems during foreclosure home inspection?
Definitely no! The Code of Ethics prohibits professional home inspectors from doing repair work on properties that they inspect. This is to assure you that there will never be a conflict of interest by the inspector.
Does foreclosure home inspection warrant or guarantee the home?
No, the home inspection does not provide a warranty or guarantee. You may obtain such warranty or guarantee from companies specialized in this field.