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Old 05-10-2015, 04:46 PM
 
10,265 posts, read 6,495,798 times
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I know you have to pay for the inspection.
Do you have to pay for the appraisal first
and I know you have to give earnest money too

anything else before the mortgage?

Do you have to pay for FHA inspection too?
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Old 05-11-2015, 12:25 AM
 
Location: northern va
1,555 posts, read 1,993,166 times
Reputation: 1328
Do you have an agent representing your interests? If so, what are their answers to these questions?
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Old 05-12-2015, 01:28 PM
 
Location: New York
2,251 posts, read 4,161,023 times
Reputation: 1607
Quote:
Originally Posted by so954 View Post
I know you have to pay for the inspection. Do you have to pay for the appraisal first
and I know you have to give earnest money too anything else before the mortgage? Do you have to pay for FHA inspection too?
My advice when purchasing a home, before a price is settled upon. You want to have the home inspected from the roof to the foundation. If any problems come up, you can negotiate the price lower. A home inspection is not required, but highly recommended. Once you close on the property and later discover problems, are yours to deal with.

After you have given earnest money and signed the sales (purchase) agreement, next is dealing with the bank. After your credit is run and you forwarding financial documents. The lender is going to order the appraisal to compare the value with simular homes around the property you are buying. In both cases you are responsible paying for both inspections.

Strongly recommend you getting a notebook to keep yourself organized. Separating into sections and creating an index. MLS sheets of subject property and similar property's. Your credit report, income, two months checking statements and tax returns. Followed with utility's, property taxes and homeowners insurance. Noting any money you are going to be use for your down payment, will have to be seasoned at least six months or provide a paperwork trail where the money came form.

Good Luck

.
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Old 05-12-2015, 01:31 PM
 
10,265 posts, read 6,495,798 times
Reputation: 10837
Quote:
Originally Posted by Modification Specialist View Post
My advice when purchasing a home, before a price is settled upon. You want to have the home inspected from the roof to the foundation. If any problems come up, you can negotiate the price lower. A home inspection is not required, but highly recommended. Once you close on the property and later discover problems, are yours to deal with.

After you have given earnest money and signed the sales (purchase) agreement, next is dealing with the bank. After your credit is run and you forwarding financial documents. The lender is going to order the appraisal to compare the value with simular homes around the property you are buying. In both cases you are responsible paying for both inspections.

Strongly recommend you getting a notebook to keep yourself organized. Separating into sections and creating an index. MLS sheets of subject property and similar property's. Your credit report, income, two months checking statements and tax returns. Followed with utility's, property taxes and homeowners insurance. Noting any money you are going to be use for your down payment, will have to be seasoned at least six months or provide a paperwork trail where the money came form.

Good Luck

.
thanks
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