VA Loan Approval Requirements: A Guide

Should You Get a VA Loan Inspection?

Since a home inspection may not be required on a VA loan, some borrowers may choose not to have one as they will have to pay for it. Although it may cost you money up front, a home inspection will provide detailed information on whether the seller needs to fix anything before completing it.

If the inspection process uncovers something problematic, the necessary repair can cost thousands of dollars, but hopefully the seller is willing to pay for it. If the borrower waives the inspection, he will have to deal with problems when moving in or later.

Benefits of a VA home loan inspection

Knowing you’re buying a home in good condition isn’t the only reason to purchase a home inspection with a VA loan.

An inspection also allows you to include an emergency home inspection clause in your real estate contract. This clause can give the seller some time to fix any problems that the inspection might uncover. If the seller refuses to fix the problem, the buyer can leave without losing any money.

A home inspection also gives the buyer some bargaining power that they would not otherwise have. If you find a problem with the home, you can ask the seller to lower the selling price if they don’t pay to fix the problem.

However, arguably the main benefit of a VA loan inspection or home inspection is that you discover the ins and outs of what your new home could be. You will learn everything you need to know about the property, its systems and everything you should be aware of.

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