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5 Things First-Time Homebuyers Need to Know About Home Inspections

The seller of the home you want to buy conducted a home inspection just a month ago. Isn’t that enough for you? Why should you spend the money hiring a home inspector? Your dad walked through the home with you and didn’t see anything. You can trust your dad…right?

Take a look at the following infographic and learn the 5 things first-time homebuyers need to know about home inspections. The information could save you a lot of money.

 

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Home Appraisals

You’re getting ready for your home closing and everything looks good-to-go. What could go wrong?

One of the most common hiccups in the process is a bad home appraisal. By bad, we are talking about an appraisal that says your dream home is not worth the money that you agreed to pay for it. Why is that a problem? Well, your lender won’t lend you more money than the home is worth. Why? Because they are using the home as collateral and want to know that, in the event that you default on the loan, they can sell the home and get their money back.

We created an infographic to give you the basic information that you should understand about home appraisals. That’s because we want you to be an informed and confident homebuyer. Here at the HomeOwnership Center, we want you to succeed.

You can find the infographic here: https://www.homeownershipdayton.org/home-appraisals/