Home inspections aren't compulsory are they? I thought that they weren't even required by lenders. Of all the things listed they sure seem like real value to the buyer.
If you're not borrowing to purchase a home you probably wouldn't need an appraisal. I think lenders just want objective evaluation of the collateral. Who can blame them?
Some lenders do require inspection, and FHA loans do require one. They have some value buyers for sure but inspectors also have an interest in finding something to make it seem worthwhile.
They won’t catch much anyway. Most inspectors take a short stroll through the house, test one or two receptacles and call it a free $400 after that. Their visit is shorter than when you looked at the house.
Maybe there’s good reputable inspectors. Ours weren’t
If you're not borrowing to purchase a home you probably wouldn't need an appraisal. I think lenders just want objective evaluation of the collateral. Who can blame them?