The buyer pays for the inspection to get the loan approved, usually with an inspector the lender wants (that's why I made the snide comment about gifts to lenders. . .maybe I should have given a few, eh?). A seller can also pay for an inspection before listing to fix any defects before the buyer's inspector finds them and the seller has to hurry to fix them, or to include a clean inspection report with the listing information.
It was 10 years ago, my first home purchase, FHA loan, I was green as grass. I suspect that the lender got an inspector who would pass it even if it had been a pile of charred timber. The inspector said the furnace worked when he tested it, and how could I prove otherwise? My R/E agent was with the company that managed the property, working both sides of the fence but mostly theirs - I did manage to get him fired for doing that once I found out.
I'm buying my new house, inspection this Saturday - I'm meeting the inspector there and will be carrying a fine-tooth comb! |
