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 | Sep 20, 2013 | Home Inspection
The process of buying a home is a very significant and stressful process for those involved, for both the buyer and the seller. For both parties involved the best and most effective way to de-stress the whole situation is to be fully aware of the condition, in which the home being sold/bought is.
The National Association of Home Inspectors acknowledges how important it is to have certified home inspector carry out a survey on a property. When properly performed, it will give both parties the peace of mind necessary before making such a large investment.
The benefits of hiring a home inspector are that it could save buyers thousands of dollars down the line in repair costs of a home that is not in tip-top condition when purchased. Keep in mind the reason for a home inspection: a professional home inspection provides all the information needed regarding problems that could arise after the purchase.
The hired home inspector will be checking and looking for issues within the electrical system, roofing structure, plumbing, and the foundation of the home. Some key points to keep in mind when selecting to hire a home inspector:
- Check the credentials of any potential home inspector verify the state license
- Ask for proof of insurance.
- How do you know the inspector, was he referred and who referred him? References from past clients would be a good start.
- Be present at the actual inspection and ask all the questions that you need to ask, don’t hold back.
- A thorough home inspection will last a couple of hours.
- Is the inspector affiliated with a credible, professional organization, like the American Society of Home Inspectors.
A home inspection is for benefits both the seller and the buyer. When done professionally might mean the difference of happiness and enjoying the reality of a dream home or a reality of endless home improvement repairs.
by cfbi1 | Sep 17, 2013 | Home Inspection
It far too easy to be seduced by the look and appearance when buying your new home, it can have a great look and feel about the place, meaning you can forget about the shabby brick work or the unnatural gurgling coming from the boiler system, in the excitement of purchasing.
Recent research, which has been carried out by the RICS, has revealed some shocking truths many homebuyers don’t know about. A large number of first time homebuyers are unknowingly setting themselves up for thousands of dollars in repair bills. These bills and repairs on their new home might have been avoided, brought to light, if an experienced home inspector viewed pre-purchase.
The buyers due to a general lack of understanding regarding the actual home buying process miss these issues. Many buyers are putting themselves and family at risk because they are not or don’t understand the importance of getting independent expert advice from a qualified home inspection company.
Only a qualified and experienced surveyor can give you an accurate evaluation of the current state of the home and an accurate evaluation of how it will be 5-10 years down the line.
Make sure your new home is not a ticking time bomb
It would be fair to say that young first time buyers would be more at risk when looking to step onto the property ladder; it is a massive investment for anyone involved. It is wise to ensure that you are not putting out all your life savings on a property that could cost you even more in repairs that will leave you close to bankruptcy.
Understanding that serious defects and problems are hard to find and need an experienced trained eye to unearth them is what should push the homebuyer towards getting an evaluation of the property they are looking to purchase. You don’t want to be stuck in a home you can’t live in and a home that is unsellable.
by cfbi1 | Sep 10, 2013 | Home Inspection
It is said to be one of the most expensive, and one of the most important purchases of your lifetime, not your purebred dog, but investing in a home. The thing is with buying a home you do not get a money-back-guarantee, or return policy, like other products.
Once you buy a home and sign the deed, you are on your own and foot the bill of any repairs to keep the property well maintained. It is essential that you know about any potential problems and repairs that need done before officially buying the house.
The best way for you to determine if the home is safe and in proper living conditions is to hire the services of a professional home inspector to survey it. An experienced home inspector will review the house and evaluate it, check all the working and functioning components, how they affect each other, and how much “life” is left in them.
The home inspection evaluation should leave you with a list of repairs that are needing done and highlights areas, which have received repairs in the past. The purpose of a home inspection is to help the buyer understand the true and current condition of the home in question.
A pre-purchase home inspection lasts around 3-4 hours, when done correctly; it might cost anything upwards of $500.00. The cost is dependent on State location, and the home’s square footage. Once the inspection is completed in its entirety, the buyer will be handed a written, detailed report of the essential problems in the home.
An experienced home inspector will not hesitate to answer the difficult questions. One thing to remember is that it’s their job to educate the seller or the homebuyer on the home being sold. A inspection offers peace of mind before the biggest purchase of your life.
