Posted by: islamicfinancingnews | January 18, 2013

Knowing what to expect in a home inspection is part of the Islamic Finance process

islam-11 You want to be sure to understand as much as possible about the Islamic finance process before you get involved. Some of the things that you’ll need to know about when it comes to these Islamic mortgages have to do with more traditional values and knowing what to expect from a home inspection is critical.

First off, you need to be sure the person who comes in to carry out the job is qualified and that often means asking to see their credentials or at least some references from past clients. Remember here that word of mouth is important and you need to find a good home inspector that has a fine reputation in the business.

Make sure they understand what needs to be done as well. You’ll want to know if there are any special areas they won’t look at and whether both the inside and the outside of the property you want to buy will be inspected. You’ll want to get a detailed report. Having documentation of the things that can wait to be fixed and those that need to be done right away can actually affect the asking price.

Buying a home is exciting but you need to use due diligence to be sure all parts of the Islamic finance process are looked after.

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