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Are inspections required for Hope purchases in New Jersey?

Asked By Taramarie D. | Joint Base Mdl, NJ | 429 views | Finance Legal Info | 2 years ago
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Rising Star
11 Answers
Jamie Moreng

Move with Moreng @ eXp Realty LLC

(100)

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]
Rich Kim

Real

(167)

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.
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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!

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