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 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.
by cfbi1 | Sep 27, 2013 | Home Inspection
If you are looking to sell your home, then a home inspection is a great way to ensure that you receive the maximum value for your home and get the asking price that you are seeking. Take into consideration that many home buyers will not be willing to take on the repairs of your home in its deteriorated state unless you drop the asking price. As the seller, this should motivate you to get the repairs done before the house is put on the market.
When a home inspection is carried out, the experienced inspector will give you a detailed report of the current condition of the home, foundations, retaining walls, roofing condition, insulation and all electrical and air conditioning systems. These are just a few of the components that will be checked for safety and functionality. Having this inspection report done will allow you, as the seller, to either decide to get the builders in and go ahead with the repairs or reassess the asking price and drop it. This will allow the prospective buyers to decide if they want to have the repairs done themselves.
All in all, a home inspection service is needed to give an accurate account of what exactly is needing repair. A home inspection service will also sort out the life expectancy of other smaller issues that have been highlighted in the report. It is wise and it would be the right thing to do to get the repairs done and have the home in perfect condition. This would allow the bidding to start on your home. You do not want to be getting cut short and have to reduce the asking price down to issues that you can fix to ensure that your home gets sold without any snags.
by cfbi1 | Sep 25, 2013 | Home Inspection
Recent trends show that Orlando in Florida is quickly becoming a very popular city to relocate. Many people travel there for vacation from all parts of the world, as well as, to escape the colder climates from where they come from. It can be agreed than that property investment is at an all-time high and only looks to increase in Central Florida considering the previous trends.
When the bank foreclosures, and the economy was struggling the real estate market suffered severely, but the market has been picking up a little over the recent years, and now many high quality properties can be picked up at very generous pricing.
When one is looking to purchase a home, it is the biggest single investment that can be made; this means that the decision on what property they are looking to buy is the right one, and not the biggest, costly mistake they ever make. It is essential that any potential property be professionally checked for damage by its previous occupants, and checked for any signs of aging due to when it was built.
Today, there are many homes sold ‘AS-IS,’ in some cases the sellers are not willing to cover any repair costs. It is basically, what is seen is what one gets, and this includes the repairs to any damages or replacements that are need done. This is why it is highly important for any buyer to get an experienced home inspector to carry out a professional home inspection reporting on any potential repairs. In addition, get an accurate evaluation on any future replacement or repair costs.
In most cases, the buyer has the right to walk away if the repair costs are too high; however, this is subject to the sales contract in place though.
If the potential home has small defects left undetected, then these small issues can soon amount into major issues costing the new homeowner thousands of dollars in repairs. That is why more people need to know the benefits of having a home inspection on their property, ensuring that it really is a dream home worth relocating to, instead of a home of nightmares.
