Required Real Estate real estate closing inspections

Q: What kind of real estate closing inspections do I really need to have to find out about the condition of the property?

A: A number of real estate closing inspections are highly recommended. They should be provided for in the purchase contract, even if they are not required by the lender. Remember, the standard Offer to Purchase and Contract states that real estate closing gifts shall constitute acceptance of the property in its then existing condition unless provision is otherwise made in writing. In other words, once is completed, you may be found to have accepted the property in its existing condition.

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