Lenders and title insurers often rely upon a survey of the property to define the property to confirm the property dimensions and boundaries and to see if any part of the building or other improvements are "encroaching" on a neighbor's yard — or the other way around. They are also looking to see if there are any setback violations or other visible matters that are considered problems.
When homes are sold, an inspection is often recommended, and in some cases the contract may even be contingent upon an acceptable inspection report. This may include an inspector checking the dwelling for any structural problems or issues. Frequently, this is a sales contract term imposed by the homebuyer to obtain an accurate assessment of the condition of the property. The work is done prior to closing but the fee is often collected at closing. There are several inspections that a future homeowner might want to request and a lender might require. These could include pest inspections (termites and other wood-destroying organisms), lead paint inspections (for structures built before 1978), roof inspections, water/well certifications, structural or mechanical inspections, or additional specific inspections based on the property type and location.
601 Embassy Oaks Suite 105 San Antonio Texas 78218 Direct -210 396 0183 Office -210 497 4809 NMLS:214306 NMLS:214324
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