Thursday, December 5, 2013

What is a Home Inspection?

home inspection is a limited, non-invasive examination of the condition of a home, often in connection with the sale of that home. Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections. The inspector prepares and delivers to the client a written report of findings. The client then uses the knowledge gained to make informed decisions about their pending real estate purchase. The home inspector describes the condition of the home at the time of inspection but does not guarantee future condition, efficiency, or life expectancy of systems or components.
A home inspector is sometimes confused with a real estate appraiser. A home inspector determines the condition of a structure, whereas an appraiser determines the value of a property. 


Tiffany Jacobs
Century 21 Leading Edge Realty

9200 Church Street #200, Manassas, VA, 20110
Direct:  571.209.8133


What Does Home Contingency Mean?


Contingent
This means the seller has accepted an offer on the property, but success may still depend on passing a home inspection, getting financing and or an appraisal.
There are different types of contingent statuses. For example, Contingent - Show means that it is still possible to tour the property and submit a backup offer in case the current one falls through. Contingent - No Show indicates that the seller no longer wishes to show the property.
Contingent with Kick Out means that the seller is willing to accept a better offer if one comes along and will "kick out" the current offer. Contingent No Kick Out means that the seller won't be accepting more offers. However, if the current offer falls through, then the listing will be switched back to Active and the seller will accept new offers.

Tiffany Jacobs
Advantage+ Real Estate Team
RE/MAX Olympic

9214 Center Street #100, Manassas, VA, 20110
Direct:  571.209.8133
www.TiffanyRealEstate.net