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Home Inspections >Final Inspection
Before buyers close on their new home purchase, they typically make a "walk-through" inspection to ensure that the property is in the same condition as it was when the purchase agreement was drawn up.
Some sellers convey the appliances and major systems "as is," offering no promise that they will be in working order. Other agreements require all of the major mechanical systems, such as heating, plumbing, and air conditioning, to be operational. It depends on the terms that are negotiated between the buyer and seller.
During this inspection, the buyer should check the appliances by turning each one on and letting it run through a full cycle. This gives the buyer a chance to make sure that any repairs that were to be made by the seller prior to the closing have been made. These details are much easier to work out before or during the closing than after the new owners take possession of the home.
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| Q |
Who is "Freddie Mac", and why is he a big name in real estate?
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| A |
"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans. |
See More Real Estate Trivia > |
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Harvey Dubov RE/MAX Complete Solutions 21301 Powerline Rd, Suite 106 Boca Raton, FL 33433 561-542-7355 Fax: 561-447-7022 harveydubov@NUMBER1EXPERT.com
Servicing all of Broward and Palm Beach Counties Whether you are in the Market to Buy or Sell, Call Harvey. He has successfully fulfilled the dreams of thousands of families throughout South Florida. See why so many homeowners have chosen Harvey Dubov to represent them for all their real estate needs.
Currently Awarded RE/MAX PLATINUM CLUB for 2008!! (Top 1% Nationally Elite of the Elite)Awarded Hall of Fame RE/MAX Award 2007!! (Top 1% Nationally ("Elite of the Elite")
Past Awards include: RE/MAX EXECUTIVE CLUB, 100% CLUB, CHAIRMAN'S CLUB and PLATINUM CLUB 
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