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Home Inspections >Final Inspection
Before buyers close on their new home purchase, they typically make a "walk-through" inspection to ensure that the property is in the same condition as it was when the purchase agreement was drawn up.
Some sellers convey the appliances and major systems "as is," offering no promise that they will be in working order. Other agreements require all of the major mechanical systems, such as heating, plumbing, and air conditioning, to be operational. It depends on the terms that are negotiated between the buyer and seller.
During this inspection, the buyer should check the appliances by turning each one on and letting it run through a full cycle. This gives the buyer a chance to make sure that any repairs that were to be made by the seller prior to the closing have been made. These details are much easier to work out before or during the closing than after the new owners take possession of the home.
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| Q |
What document must lenders provide within three days of receiving your application for financing?
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| A |
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan. |
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