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Appraisals and Inspections, 2 important steps for home buyers
The following information is the fifth in a series of Buyer Tips to provide tips for both the first-time home buyer and the most experienced home buyer. The goal is to help the consumer to become better educated about purchasing real estate in Colorado Springs and the surrounding area. This article includes tips #11 through 15.
For a FREE Buyer’s Guide, Email KTorline@msn.com
11. When making an offer to purchase a home, consider any minor repairs or defects when determining your offer 
price. If there are items you wish to be resolved at the time of purchase, include those items on the Purchase Contract.
12. Understand that the appraiser and the inspector are two different people. The appraiser is hired by the lender to determine whether sufficient market value in the property warrants making the requested loan. The home inspector is hired by the homebuyer to conduct a general home inspection, or a more specific inspection for environmental issues, such as lead-based paint, radon, asbestos, mold, etc.
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Home inspectors are NOT licensed in Colorado. and you should choose a home inspector who is a member of the American Society of Home Inspectors (ASHI). (See my previous post: One way to find a good home inspector)
13. Attend the property inspections. A good inspector will show you problems and potential problems with a property, but will also give you tips on how to care for a house.
One way to find a good home inspector
How do I find a good home inspector?
For a free Buyers Guide, Email Kathy Torline at KTorline@msn.com
I was working on putting together a list of home inspectors for my client to call to schedule an inspection on a property she is trying to purchase; and I realized that was a great topic for a quick blog.
Home inspectors are a crucial part of providing information to buyers so they can make an informed decision on the 
property they are trying to purchase. I was looking for the business cards of a couple of inspectors I’ve used the the past, and I remembered they were both members of ASHI, American Society of Home Inspectors and all of their contact information was on ASHI’s web page.
ASHI’s web site is full of information for consumers; links to consumer protection articles including articles about mold, septic information, aluminum wiring, FAQ’s on inspections, and you can search for inspectors in a specific area.
In Colorado, inspectors Read the rest of this entry »
