Quote:
Originally Posted by secondcurve
Joey the home inspection is primarily a tool for the buyer. In both cases the buyer has equity at risk it is just a matter of degree. Further, if the buyer only had only a $1.00 of equity at risk the home inspection is critical as the buyer is on the hook for the bank loan.
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I disagree it is tool for both. I have purchased three homes in the area and all three times the bank requested (local banks) home inspections. Also most times if your are taking out a mortgage, the bank has greater risk then the borrower. That's not to say that even if I purchased a house for cash I would absolutely have a home inspection.