SOURCE: Closing.com

Shop and save on real estate closing costs

October 13, 2009 00:00 ET

Ten Questions First-Time Buyers Can Ask a Home Inspector

Closing.com Site Helps Consumers Save on Home Inspection Services

SAN DIEGO, CA--(Marketwire - October 13, 2009) - Homebuyers in a rush to close on a new home before the deadline for the $8000 first-time buyer tax credit expires on December 1 won't save any time by skipping a complete home inspection of their prospective purchase. By doing so, they might incur thousands of dollars of liability and years of heartache from costly problems a home inspection would have uncovered.

A home inspection is a thorough examination of a property's structural and mechanical systems from foundation to roof. It includes careful checkups of the basement, attic, walls, ceilings, doors, interior plumbing, heating, cooling and electrical systems. The work is performed by an independent, state-licensed home inspector or building contractor, who also looks for fire, health and safety hazards.

It's easy to find a good home inspector near you. Closing.com, the largest and most comprehensive online source of information about real estate closing-related services ever assembled online, lists home inspectors in counties across the nation.

Buyers should shop around and interview at least three inspectors. Get more than one estimate and check references. Remember, a great deal is at stake in your inspection and the least expensive quote may not yield the best service. Ten questions to ask a home inspector before you decide.

If you are buying a property, be sure to include a contingency clause in the purchase agreement that makes it possible for you to withdraw from or renegotiate the sale if severe structural damage is discovered. It's also important to take a final walk through of the property to make sure that all outstanding repairs are completed to your satisfaction before you sign the paperwork that closes the transaction.

"Buying a home without an inspection is foolish and unnecessary. First-time homebuyers who think they can gain a day or two toward qualifying for the credit by forgoing an inspection may find that they have made a very expensive mistake," said Tony Farwell, CEO of ClosingCorp.

Find out more about home inspections and hiring a home inspection service with this easy-to-use Home Inspection Checklist available free on the Closing.com site.

About Closing.com

Based in La Jolla, CA, Closing.com is the most comprehensive source for real estate closing services on the Web. The site empowers consumers and real estate professionals to shop, compare and evaluate real estate closing services in their area. Visitors to Closing.com can estimate their closing costs, learn more about a real estate provider's products, services and rates and make direct inquiries online.

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