Page 24 - How To Buy A Home In Louisville

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Before You Make An Offer... (Continued)

5 Title Insurance

Your lender will require you to buy a title insurance policy. The lender and you both own your
home. Lenders’ Title insurance protects the lender in case someone makes a claim against
your home. You should also get Owner’s Title Insurance for additional coverage. It is a one time
fee that is paid at the closing. Ask yourself:

■ Do I want a survey to show where my yard ends? This is not required, but good to have
so that you know your property lines. If there is a problem before closing, the seller cor-
rects the problem. After closing, the buyer has to correct the problem.
■ Do I want an inspection for mold, radon, lead paint, septic, or structural engineer-
ing? A general home inspector does not necessarily check for the following items. If your
home inspector will not be checking for these, you may need to call additional inspectors
for your items of concern.

MOLD RADON LEAD SEPTIC STRUCTURAL
What is it? Organisms com- A radioactive gas A highly toxic metal Treats and disperses An expert qualified
monly found on caused by the that was used for wastewater from by education, train-
AC units, carpets, breakdown of ura- many years in the the home using a ing and experience
household potted nium and radium. paint. Also found in four-component in the behavior and
plants, etc. Easily Invisible, odorless dust and water. The system: septic tank, design of structure.
spread by walking, and tasteless. Seeps federal government drain field, soil and
vacuuming, etc. into homes via banned the produc- groundwater.
Usually seen as cracks in walls or tion of lead-based
discolorations. floors, crawlspaces, paint in 1978.
etc.

And why would Can cause various Exposure can cause Can cause behavior A malfunctioning Inspector looks for
I care? respiratory prob- lung cancer. problems, learning system can a stable foundation
lems and allergic disabilities, difficult contaminate your and sound me-
symptoms. pregnancy, seizure, drinking water. chanical systems.
or death. Replacement is very Helps avoid costly
costly. The septic surprises in the
system is the future. This helps
responsibility of the to ensure safety of
homeowner. home and family.

The River Valley Realty Group - How to Buy a Home in Louisville, Kentucky 22