Review Our Latest Blog Postings
So, you are getting an FHA loan. Do you still need a home inspection? There is a lot of confusion on that subject. Your Mortgage lender will require an appraisal no matter what type of loan you are getting.
An appraisal is different from an inspection but does have an inspection component. An appraisal is done to ensure to the lender that the property has a market value equal to or more than the amount of the loan. The appraiser has to consider the general condition of the house to determine its market value.
Deuteronomy 22:8 &The Code of Hammurabi
Unless you study the Bible, you may not recognize the name Hammurabi. However, most folks will recall the Bible's Old Testament book of Deuteronomy. Written by Moses in approximately 641 – 609 BC, chapter 22 verse 8 gives us some early guidance on residential construction.
There is a lot of confusion in the world of Real Estate Sales and Inspections about Ground Fault Circuit Interruption (GFCI or GFI) protection & devices. The average home buyer has no or only a vague understanding of what these are or when and where they are needed.
Ed Fryday, ACI, CPI, CMI®
Email: Contact Ed Fryday
Phone: (281) 636-9419
TREC License: #6932
ASHI Member ID# 250764
InterNACHI ID: NACHI07031703
Click Here to View My
Texas Real Estate Commission
Education Log