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Wednesday, September 20, 2017

These 3 Inspections Could Save You a Lot of Trouble Later On

Today I’m back talking about more home inspections I recommend you get before purchasing a property. 

Today we’re back with part two of our coverage on home inspections. Like last time, I’ll be going over a few inspections I think are the most important if you’re buying a new home. Whenever you are about to make a home purchase, you need to know exactly what you’re getting into.

First of all, don’t underestimate the importance of a termite inspection. Termites can do a great deal of damage. You certainly wouldn’t want to purchase a home only to find out that you’ll be dealing with these pests.

Termites are also something homeowners should check for on an annual basis. For about $65, a termite inspection is well worth the cost. Mud tunnels or damage to the wood are two strong indicators that a home may have termites.

Secondly, I recommend a radon inspection. Radon is an odorless, colorless gas that seeps out from the Earth’s surface. This gas can come up through cracks in the basement or foundation, as well as through any holes.

You need to know exactly what you’re getting into when you purchase a home.
According to the EPA, a radon level higher than 4.0 picocuries per liter is a hazard. At this point the levels will need to be mitigated, since radon is the second leading cause of lung cancer in the United States.

Thankfully, there are ways to test for it. Certified radon inspectors can come out and set up a test that will monitor your home for two-and-a-half days. This test costs about $150 and will determine whether the radon level needs to be lowered.

The third inspection I recommend is to have an environmental inspection done. This is especially important if your family has allergies. Having a test for mold is one of the more common environmental inspections out there. Mold can be present anywhere in a home, and is especially likely if the property has taken on any water.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Wednesday, September 13, 2017

5 Common Real Estate Contract Contingencies

Which contingencies should you know about? Here are five of them.

What is a real estate contingency? By definition, it’s a future event or circumstance that is possible but can not be predicted with certainty. There can be quite a few of them included within a real estate contract, as far as buyers are concerned. Here are five of the most common contingencies buyers include in a contract and what they mean:

1. Financing. This kind of contingency means they will buy the house if the lender gives them the mortgage at the interest rate and terms they first agreed on and which are written into the sales contract.

2. Appraisal. This contingency means they will buy the house if the appraiser says the house is worth at least what the contract price is.

3. Inspection.
In this case, the contingency states that will buy the house if they are happy with the inspections or negotiated repairs.

These contingencies are standard.
4. Survey. A contingency based on a survey means buyers will buy the house if they are happy with the way the improvements fall within the boundaries of that property, as determined by a boundary survey.

5. Title exam. This contingency means they will buy the house if the title company determines that there are no liens or encumbrances against the seller on the title of that house and it comes out clear.

Real estate transactions are complicated. Leave them in the hands of a professional. If you have any questions for me or any real estate needs I can assist with, I’d love to help you navigate the real estate jungle. Just give me a call or send me an email today. I look forward to hearing from you.

Monday, August 28, 2017

Which Home Inspections Should You Order?

What inspections should you have done on the home you’re buying? Here’s a few to get you started.

Why should you have a home inspection when buying a home? Which inspections should you order? The first answer is obvious, but the second is not.

Home inspections protect your investment as a buyer. If your home has a plumbing issue that may cost you thousands of dollars to repair down the line, wouldn’t you want to know about it before committing to purchase it? That’s the idea of home inspections.

However, there are many different kinds of home inspections, so which is right for you? I’m going to go through a few of them today and explain how the process works.

For starters, every homebuyer should have a building inspection that is completed by a certified home inspector. They will give you an overview of any problems in the house you are buying. They aren’t plumbers or electricians, but they are very knowledgable and will be able to spot a problem when they find it.The inspector will take note of any and all problems. They can then refer you to a professional who can better estimate the repairs.

The inspector will spend at least a few hours in the home (around four hours for a 2,500 sq ft. house) and it’s important that you are with them every step of the way. It will help you better understand their findings and what you can do resolve any issues.

Every buyer should have a building inspection.
Aside from the building inspection, a gas inspection is another important one to consider. In the past, they were done by the local utility company. Now you can hire your own HVAC contractor to perform tests and make sure that any gas powered appliances are following the proper code.

The last inspection I wanted to mention today is the sewer lateral inspection. If you’re not buying a brand new home, there is a possibility that the plumbing underneath your home is made of old, clay pipes. A sewer lateral inspection will alert you to any creaks, leaks, or invasive roots blocking your sewage lines.

These are just a few of the many inspections you can choose to have done on a home. Stay tuned for part two, where we’ll cover even more ground. In the meantime, if you have any questions for me at all don’t hesitate to give me a call or send me an email at your convenience. I look forward to hearing from you