Latest / The Assumable Guy Show
Do I Still Get an Inspection and an Appraisal When I Assume a Mortgage?
Yes on the inspection, every single time, and the appraisal situation actually works in your favor. Ryan clears up the assumption that stepping into someone's loan means taking the house as-is, which is not how it works. The financing is vintage. The inspection is brand new. He backs it up with real numbers: a client who assumed a 2.375% rate still walked away with $7,000 in inspection resolution, and a house hack buyer in Pueblo got $5,000 in concessions up front plus another $1,700 from the inspection on top of that. Sellers negotiate on assumable deals the same as any other deal. On the…
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