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Bellaocchi
Hope Faith Love
Member since 2/07 5694 total posts
Name:
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DOES A BANK REQUIRE AN ENGINEERS REPORT?
JUST WONDERING
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Posted 5/16/07 8:46 PM  |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: DOES A BANK REQUIRE AN ENGINEERS REPORT?
No they don't but you should ALWAYS get one even if you are buying a house from a relative or friend. It is worth the $400 to spend on it because it could save you thousands in the long run.
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| Posted 5/16/07 9:48 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: DOES A BANK REQUIRE AN ENGINEERS REPORT?
Posted by csorisi
No they don't but you should ALWAYS get one even if you are buying a house from a relative or friend. It is worth the $400 to spend on it because it could save you thousands in the long run.
ditto!
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| Posted 5/17/07 10:33 AM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: DOES A BANK REQUIRE AN ENGINEERS REPORT?
Posted by kerrycec03
Posted by csorisi
No they don't but you should ALWAYS get one even if you are buying a house from a relative or friend. It is worth the $400 to spend on it because it could save you thousands in the long run.
ditto!
agreed!
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| Posted 5/17/07 10:50 AM |
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Bellaocchi
Hope Faith Love
Member since 2/07 5694 total posts
Name:
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Re: DOES A BANK REQUIRE AN ENGINEERS REPORT?
I thought so as well but my silly husband was questioning it.. thanks
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| Posted 5/17/07 11:02 AM |
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DRMom
Two in Blue
Member since 5/05 20223 total posts
Name:
Melissa
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Re: DOES A BANK REQUIRE AN ENGINEERS REPORT?
Posted by VRF1125
I thought so as well but my silly husband was questioning it.. thanks
To buy one of the most expensive purchases of your life without making sure everything is in working order would be  Keep in mind they can only evaluate what they can see-you want a termite inspection too which I think is required anyway.
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| Posted 5/17/07 11:55 AM |
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jw11897
LOVING LIFE
Member since 6/05 1433 total posts
Name:
Jess
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Re: DOES A BANK REQUIRE AN ENGINEERS REPORT?
We just had one done on a house we are purchasing and even though most of the stuff he pointed out we knew about he did find a couple of little things that we did not know about.
It was well worth the $480 as this is 1 tiny % of the total amount we are spending on the house.
If something more would have been wrong w/ the house I definately would have wanted to know about it before spending all that money and then having to fix additional, very costly, things.
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| Posted 5/17/07 12:10 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: DOES A BANK REQUIRE AN ENGINEERS REPORT?
Posted by melijane
Posted by VRF1125
I thought so as well but my silly husband was questioning it.. thanks
To buy one of the most expensive purchases of your life without making sure everything is in working order would be Keep in mind they can only evaluate what they can see-you want a termite inspection too which I think is required anyway.
I defnitely agree, you must do an inspection. Although they can only do a visual inspection - if something is wrong with the foundation, roof, or anything else major, you want to know that now!!
But like the previous person said- they can only evaluate what they can see. We had a termite inspection done, as did the sellers, and both found nothing.
But when we tore down a wall, the wood was all rotted out and there was sawdust everywhere.
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| Posted 5/17/07 12:45 PM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
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Re: DOES A BANK REQUIRE AN ENGINEERS REPORT?
Whether the bank requires it or not, I would never buy a house without an inspection. Think about it, in the scheme of things, you are spending very little money. If there is something wrong with the house, you may need to spend a boatload of money to fix the issue.
While the inspectors can't find everything, they can spot quite a few things.
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| Posted 5/18/07 9:18 AM |
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