by cfbi1 | Oct 9, 2013 | Home Inspection
Home inspections are an essential ingredient of the home buying and selling process. Therefore, it is important the buyer of the home attend the inspection in person, along with the experienced home inspector hired. For those who might not know, there is a difference between the home inspection and the home’s appraisal. Let’s take time to clear this area up and get to the know what those differences are.
A Home Appraisal
It is usually the surveyor performing the appraisal on the home and based on their findings he/she will give an evaluation on the property before an offer is placed. In the appraisal, the surveyor will take into account a number of things including the current condition, the size of the home, proximity to schools, comparable property within a five-mile radius. All these will factor into the value of the property this helps the buyer greatly by allowing a credible purchase offer. An appraisal does not take in any facts on the structure’s integrity; this is where an inspection becomes necessary.
A Home Inspection
After you have made an offer and have a contract, you can look at hiring a qualified home inspection company to carry out the home inspection needed. Home Inspections are not mandatory, and people overlook them sometimes, in the home buying process. They are very beneficial, and worth having done.
All components within the home are checked, electrical wiring is checked for suitability, plumbing and foundation are checked, adequate measures are taken to evaluate that the correct insulation has been put in place, and the home is waterproof. These are only a few areas the home inspector will review.
A home inspection can help negotiate the asking price on that home, and in some cases, the contract agrees to allow the buyer to walk away from the home, if the costs of repairs and replacements are exceedingly high.
Having a home inspection is the difference to you enjoying the home of your dreams or waking up in the home of repair nightmares every single day.
by cfbi1 | Oct 7, 2013 | Home Inspection
Many crucial elements need attention, and careful attention at that, when you are looking to buy a home. High on the list of priorities should be a professional home inspection service. This would involve a qualified experienced inspector to evaluate your home on its current condition and highlight any issues that may grow into major problems over the years to come.
An experienced inspector will take his time when looking over your home and give a full detailed accurate report of all his findings, this will play a major part in the buyer signing and negotiating and agreed price on any potential purchase and in some cases allows the buyer to walk away from the home if the issues are excessive in cost.
In most cases, the buyer ought to be the ones to hire the inspector. It is also good to note that the inspector is responsible to the one who pays his wage at the end of the day, make it your duty for him/her to be liable to you and only you.
If you are serious about buying a home, and completing the process successfully, then it is essential a home inspection be included in the overall process. You may know your stuff, and be able to do DIY projects, but it is never a bad idea to get a professional’s advice. When you make the appointment with your home inspector and arrange the day of inspection, request that you attend with them. Take advantage of the time and ask as many questions as you can in order to get the clearest picture on the property you are looking at.
Your home will cost you thousands of dollars, and yes in most cases, there will be repairs needed of some sort and in some manner. Therefore, get a professional home inspection sorted or negotiated before you sign any agreement.
by cfbi1 | Oct 4, 2013 | Home Inspection
When you are looking to buy a home in any state in the USA, it is essential and encouraged the buyer hires the services of a professional home inspector. It is the job of the home inspector to give the buyer an accurate account on the current condition of the house. They provide an outlook of any issues that could become problematic over time. It is best to be aware of any small repairs that if left to their current state may turn into high-cost repairs.
The inspector will check plumbing, heating and ac system, the roof, and the foundation to ensure the safety of the structure. They report on the condition, life expectancy, and an estimate of repair costs. Keep in mind, the finished report by the hired inspector may be extensive, especially if purchasing an older built home.
The purpose of the home inspection is to give the buyer a strong idea of what exactly they are purchasing. It allows the buyer to walk away from the purchase if the contract has an inspection contingency clause. What to consider if the home ends up with repairs and the seller refuses to pay for it—negotiate the price. Purchasing a home warranty is another option available.
Typically, the seller of the home should be doing the construction repairs, as it is their house and they are the ones trying to sell it. Yes, the home should be in a sellable condition, unless the contract is AS-IS. If the buyer has to hand over money for repairs, then the buyer should receive credit at the closing stage of the contract to compensate for the additional costs of repair.
Keep in mind, as the buyer, if you ask the seller to pay for repairs the negotiated price may change and not in your favor. The bottom line is that a home inspection is not for renegotiating purposes. It can be used as an asset towards negotiation, but a home inspection is to bring to light what you are buying and that the structure is safe.
by cfbi1 | Oct 4, 2013 | Home Inspection
The benefits of a home inspection are incredibly important to the home buyer and can help drastically when facing the decision on whether or not to proceed with closing on the sale. In the home buying process, one needs to know and understand the current state of the home for purchase. Becoming aware of how it could look a few years down the line regarding major repairs is crucial.
Making the right decision by hiring a home inspection service is the difference to being financially responsible for unexpected repair bills. Buyers need to know that home inspectors are on their side and it is their job description to help.
The home inspector is accountable to whoever pays the wages at the end of the day, so buyers take the initiative or the first step to hire the inspection services. Once the home is inspected, it would be the potential buyer receiving the detailed reports and digital photos.
When a buyer is handed the competed inspection report they have a few different options consider. One can either ask the owner of the home to pay the repair costs. This option may annul the original price agreement and the seller may decline paying if they have others willing to pay a higher price. The second option is that buyer pays the repair costs, so long as the seller reduces the asking price on the home. Generally, sellers are willing to lower the price if substantial work is required to repair the home.
In the home buying process, it is essential that one consider the added value of services provided by home inspection company. Paying a small sum at the start of the process could be the factor that could save a buyer thousands of dollars on major repairs.
by cfbi1 | Oct 2, 2013 | Home Inspection
We can make some very big decisions in life in regards to what we are looking to invest in, and buying a home is the biggest single investment one can make. The years of working hard, long hours, taking all the overtime, doing without life’s luxuries is a discipline needed to save up that hard-earned cash. Once you have enough built up in your savings, it is time to make down payment on a new house.
The whole process of home buying can be overwhelming, especially if you are a first time buyer. There are some good tips to keep you on the right path to making the best decision and the right decision on which home you should buy.
One of the most important choices you have to make is hiring a home inspection service before the purchase. Yes, absolutely hire a home inspection service. Why hire, because it will give you an accurate account of the current condition of the home supplying you with pertinent information. It will also help you decide if the bid you have placed on the property is in fact a fair offer in regards to the true valuation of the home. It will determine any faults and/or repairs confirming the correct asking price they want for that home.
It would be silly to go ahead with any home purchase without having a home inspector check it over, the house alone will cost you thousands of dollars and you don’t need to be further out of pocket due to repair and upgrade costs. The best move would be to meet with the seller and provide the Inspectors detailed completed report. The seller has the option to foot the bills and make the repairs. This in turn, could alter the original price set on the home, or the seller might negotiate price to cover the repair costs.
Make the wise choice when you are making one of the biggest decisions in your life, and employ the services of a trusted reputable home inspection company, click here for more information.
by cfbi1 | Oct 1, 2013 | Home Inspection
The best thing you can do during your home buying process is to hire the professional services of a qualified home inspection company. Don’t be fooled thinking that you don’t need a home inspection service because you have just bought a new home. Even newly built homes make the news and will often have issues of some kind which will need sorted.
Having a professional check your home and its current condition will give you the vital information that you need to either push on with closing the deal or decide on not signing at all. Buying a home is a massive investment and will cost you enough of your hard-earned cash. What you don’t want to be doing is paying out thousands more in repairs and upgrades, especially when these issues could have been found earlier in the buying process. This would allow you to either ask the seller to hire a contractor to fix the repairs and foot the bill or lower their asking price to allow you to afford the repair costs.
Don’t cut corners and hold back in paying out $300-$400 dollars in your attempt to hire a home inspector. Remember like all things in life you get what you pay for. If you want high quality inspection services, then pay what you need to (within reason). Paying a little amount of cash now could be the difference to you paying 10 or maybe 20 times that amount in repairs, which would quickly turn the home of your dreams into a nightmare.
When hiring a home inspector always ask for references and customer testimonials, you are looking for experience and fully qualified inspectors, there’s a lot of cowboys out there who claim they are know what they are doing but don’t really have a clue.
A home inspection is the best decision you can make when looking to buy a home, it will give you an accurate and detailed account of the current condition of the home you are looking to buy.
