A "Series of FAQs" from the Desk of Russell Smith: Day 9

Thursday, 14 October 2010 12:32

Q: The property I am purchasing has a septic tank.  Will it need to be inspected?

A: Several government programs, such as USDA and VA, require a septic inspection when purchasing.  Additionally our company now requires a septic inspection if the property has been vacant for an extended amount of time.  For all reasons, it is to protect both the new buyer and us a lender.   Neither would want a problem to arise shortly after closing that could have been taken care of by the seller prior to transferring title.  Typically the cost of an inspection is $200 - $300.