Go Back  Isuzu Forums - Isuzu Enthusiasts Forum > General > General Tech
Reload this Page >

Buying a home which the seller is listed "as is."

General Tech Good at troubleshooting? Have a non specific issue? Discuss general tech topics here...

Buying a home which the seller is listed "as is."

  #1  
Old 01-17-2013, 06:02 AM
Senior Member
Thread Starter
Join Date: Sep 2012
Posts: 143
Default Buying a home which the seller is listed "as is."

A bank doesn't require you to get a home inspection in order to obtain a mortgage. If there are obvious major problems that affect value, the appraiser may note it in the appraisal report. However, their job is not to inspect the home, just to determine value. Although the bank doesn't require a home inspection, if your purchase contract mentions a termite report, the lender will require that to be performed and pass before you close. A termite report lists more than pest infestations. It also mentions obvious structural defects, such as wood rot, etc. These are classified into two groups - category 1 and 2. All items in category 1 must be repaired prior to closing. However, the lender does not stipulate who must pay for those repairs.

_______________
Interstate moving
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
ash1990
Off Topic
0
03-08-2013 03:01 AM
easylead
New Member Area
0
10-26-2011 06:12 AM
Pitter
Trooper
0
12-27-2009 04:58 PM
krichart
Pickup
1
07-02-2009 07:47 PM


Thread Tools
Search this Thread
Quick Reply: Buying a home which the seller is listed "as is."


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.