Home inspection can turn into costly requirements

In Arizona, it is possible to list any type of home for sale.

The residence can be in any condition.

However, drawing in legitimate buyers can be nearly impossible if the property fails to meet the parameters of a four-point inspection. A thorough inspection evaluates the four primary systems of the home. It assesses condition, functionality and risk. An Arizona-certified inspector ensures that the electrical, plumbing, HVAC and roofing systems are in good and safe working order. Acceptable Condition certifies that the system is operational and shows no signs of problems or hazards. The inspection process usually takes anywhere from two to three hours to complete. The cost can be anywhere from three to five hundred dollars, depending on the type of inspection and size of property. Home inspections are necessary for potential buyers to secure lending and insurance. However, these evaluations frequently reveal expensive issues. Older roofs might look just fine and perform perfectly but fail to qualify for insurance. Insurance companies regularly deny coverage strictly because of the age of the roof. Replacing a roof is a considerable investment. The plumbing system includes septic, pipes, drains and water heaters. If electrical wiring fails to meet code or the panel needs to be updated, the costs can run into the thousands. If the foundation has settled or any structural components show signs of deterioration, selling the house can turn into a costly nightmare. The bank will not support purchase of a property that fails to meet the requirements of the insurance company. For those situations, a cash sale is the easy, stress-free and quick solution. All it takes is a few minutes to fill out an online form. A cash offer is made within hours. Once the offer is accepted, the closing normally happens in less than ten days.

 

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