Questions and Answers on Home Inspections and Warranties

These questions and answers will hopefully give you information and more understanding on Home Inspections and Warranties when buying a home from a homeowner or for foreclosed or bank owned home in Las Vegas. This may answer some of your questions about the process of on Home Inspections and Warranties.

One of the services that Michael Ray offers is daily detailed listings of Las Vegas homes. Just email your custom search request or call (702) 501-1508. Since many home buyers today begin their Las Vegas home seach online, you will find detailed listings of the current Las Vegas real estate market on this site.

Question: What is a home inspection?

Answer: When the offer on a home has been accepted by the seller and the purchase agreement has been signed, then it is time to get a home inspection. A home inspection is done by a professional inspector, who is generally a contractor or an engineer.

A professional inspector inspects the home throughly to look for problems that the home buyer needs to be aware of before buying the real estate.

The home inspector is a third party who represents and protects the home buyer from making a purchase with serious hidden defects. The home inspection is paid for by the buyer. The home inspection will cover the grounds, the structural integrity, as well as the interior and exterior of the home.

Question: Does the buyer find the home inspector?

Answer:Since the home buyer pays for the home inspection, it is your choice on who to hire. Make sure they are reputable and have a Nevada State license. Your realtor should know of several home inspectors and be able to call and schedule this for you if you wish. Home inspectors rates can range from $250 - $400 and up. You or your realtor needs to be present and will be given a full report and the home inspector will expect to be paid at that time.

Find out how to save money on home inspections

Our community Heroes such as our military personnel, police officers, firefighters, nurses and teachers get real discounts when buying and selling their home by simply signing up with Homes For Heroes. Homes For Heroes does not require a lot of paperwork or red tape, just give theHomes For Heroes Program your name, a way to contact you and what you do in your community and sign up to save.

Question: Do all home purchases need a home inspection?

Answer:Absolutely. Whether you are buying from a home owner or buying a foreclosed home in Las Vegas, a smart buyer will get the home inspection. Even though buying a foreclosed home in Las Vegas is bought "as is", the home inspection lets you know if there are serious repair issues to factor into the purchase.

If major repairs are needed to the foundation, roof, plumbing or electrical system on the Las Vegas foreclosure home, then the buyer has the option to renegotiate the purchase agreement or even back out altogether.

Can I get a home warranty on a foreclosed home?

Answer: Yes. Home warranties can help protect the home buyer from any number of issues that could arise later on. A home warranty is usually for a year from purchase.

Who pays for the home warranty?

Answer: This is another item covered in the all important purchase agreement. Sometimes the home warranty becomes a point during negotiation process.

Feel free to ask us any questions and get the answers you need. Michael Ray is an experienced Las Vegas Real Estate Agent you can call today at (702) 501-1508.

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