President Obama Recognizes the Importance of Home Inspections.
“Consumer Protection With Home Inspection” Law Impacts Homebuyers was published by Real Estate Rama on July 28, 2010. This article is about a new piece of legislature that was recently signed to Law by President Obama. This law:
…requires the U.S. Department of Housing and Urban Development (HUD) to modify its existing housing counseling programs to include more robust advice on home inspections, including the importance of an inspection, its advantages, and where and how a future homeowner can obtain one”
This is great, terrific, and extraordinary! In a market like this one where, “location, location, location” is being replaced with “condition, condition, condition” it is essential that new homebuyers are informed about the importance of obtaining a home inspection. It is about time for the real estate industry to realize that the new kid on the block, the home inspector, actually holds the most important cards in the deck. We address the most important question to ask when purchasing a home: what’s it going to cost to make this place healthy and habitable?
While real estate agents show you the glitz and attorneys the head work, the home inspectors tell you what you are in for and when to back off. These are the most important issues in this recession economy. Any major repair can push people over the edge in these times of deflating salaries and increasing costs. The home inspector can keep them from falling over the edge.
Thanks to ASHI and Obama for this great leap toward a better real estate market.