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Are inspections required for Hope purchases in New Jersey?
Asked By Taramarie D. | Joint Base Mdl, NJ | 504 views | Finance Legal Info | 3 years ago
Answer(3)
Jamie Moreng
Move with Moreng @ eXp Realty LLC
Tara Marie,
No inspections are not required. However, unless you’re buying a knockdown or doing a rebuild (even then you prob want to do a tank sweep) we would strongly recommend an inspection during a home purchase, as it’s typically most of our clients biggest purchases of their life. Reach out to my preferred inspector if you need assistance @ [email protected]
- 1 year ago
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In New Jersey, inspections are not required for Hope program purchases, but lenders may require them for underwriting and buyers may choose to do it for peace of mind. Consult a real estate agent, attorney or lender to understand the specific requirements.
- 1 year ago
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Smaragda Ng
EXIT Realty Jersey Shore
Hi Taramarie,
Home inspections are not required by New Jersey but they probably are by the lender. I would definitely get one as this is a Huge purchase and worth it!
- 3 years ago
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