RE/MAX Executive Realty



Posted by RE/MAX Executive Realty on 8/5/2018

A home inspection may prove to be exceedingly valuable, particularly for a homebuyer who is on the fence about whether to purchase a particular house. In fact, a house inspection may raise a number of questions that a buyer will need to consider to make an informed decision about whether to proceed with a home purchase.

Some of the key questions that a homebuyer needs to consider after a house inspection include:

1. What do the inspection results reveal about the overall condition of a house?

A home inspection represents a learning opportunity for a buyer. After the evaluation is finished, a buyer will receive a report that outlines a home inspector's findings. This report usually is available within 24 to 48 hours of an inspection and can make a world of difference to any buyer, at any time.

As a homebuyer, it is essential to review the results of a home inspection closely. That way, you can learn about any underlying issues with a home and map out the best course of action.

If you find that a home has a variety of problems, you may want to ask a seller to complete myriad house repairs before you finalize your home purchase. Or, if you are satisfied with a home after an inspection, you may want to continue with your house purchase.

Keep in mind that you can always walk away from a home sale after an inspection too. In this scenario, you can simply reenter the housing market and continue your search for your dream residence.

2. After reviewing the home inspection results, am I comfortable with a house?

Oftentimes, it helps to consider the prices of possible home repairs after you complete an inspection. If you analyze these potential costs and find they exceed your budget, you should plan accordingly.

Home repairs sometimes can be expensive and time-consuming. As such, if you are uncomfortable completing a broad assortment of home repairs on your own, you'll want to account for these repairs as you decide how to proceed with a house following an inspection.

3. Is a house a viable long-term investment?

The decision to purchase a home is a life-changing choice. Therefore, you should consider the results of a home inspection to ensure you can maximize the value of this potential long-term investment.

Remember, a home inspection gives you an opportunity to assess any structural issues with a house prior to finalizing a house purchase. If you have any concerns about a possible home purchase following an inspection, you should address these concerns before you complete your transaction.

When it comes to conducting a home inspection and reviewing the assessment results, it generally is a good idea to work with a real estate agent. This housing market professional can help you find an expert home inspector to analyze a residence both inside and out. Plus, a real estate agent will offer tips about what to do following an inspection and ensure you can achieve the best-possible results throughout the homebuying journey.




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Posted by RE/MAX Executive Realty on 12/31/2017

Thereís a lot to buying a home. Thereís no perfect home. Home inspectors will tell you that even brand new houses have their issues. If you know the right questions to ask before you even buy a home, youíll be armed with a knowledge that you wouldnít otherwise have. There are some very revealing questions that you can ask sellers to help you get some insight into a property. These questions can usually also be answered by your home inspector when you get to the inspection process.  


Have You Had Water Damage Or Pipe Issues?


Water damage is a big deal. It can hide mold and other damage. Thereís also a big issue if the pipes in a home have previously burst, or caused water damage on their own. Especially in cold climates, water damage and burst pipes can be common if the piping has not been properly insulated.


The Age Of The Roof


If the roof on a home has been recently replaced, thatís a huge bonus to buying the home. Roofing typically lasts about 25 years until it needs to be replaced. If a roof is getting close to the end of its lifespan, you can ask for a rebate or be wary that repairs will need to be made in the near future. 


Pests


If a home has had any kind of significant pest infestation, then youíll want to know about it and be sure that it has been resolved. There could be some underlying conditions within the home itself that have made the pest infestation possible. Whether thereís some unaddressed holes, rotting wood, or hidden leaks, theyíll need to be taken care of so that an infestation doesnít reoccur. 


Paranormal Activity


This may sound strange but some people will run out of their homes as fast as they can if they see a ghost or something else. ďHaunted housesĒ are a particularly difficult sell. This includes homes with:


  • Ghost sightings
  • Murders
  • Suicides
  • Unusual deaths
  • Drug labs


Many states require that these problems and conditions be revealed in a disclosure statement. Other states do not legally require this. Check local laws to find out more about paranormal activity disclosures.

Some other great questions to ask when youíre in the process of buying a home are:


  • Will your car fit in the garage?
  • How much are the utility costs?
  • Who are the utility companies?
  • Does the home have a sewer or a septic tank?
  • Are there any warranties left on items in the home?


Asking these questions not only helps you as you move into a new home, but it helps you to get a better understanding of what types of insurance you need to put on your home. If you need to add a few extra pieces to the policy to protect yourself due to any information that you learn, youíll feel safer.




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Posted by RE/MAX Executive Realty on 8/27/2017

The home inspection may seem like a standard thing that you need to go through in the process of buying a home. Really, youíre paying for the home inspection, and itís a huge opportunity for you. As a home buyer, you should look at the home inspection as an educational event for homeowners. Youíll learn a lot about the history of the property that youíll be living in. From water that may have been present in the basement to a leaky roof, youíll get to know your new home and how everything works.


When you hire your home inspector, he or she may seem like they are talking to experts. For this reason, itís a good idea to ask questions during the inspection so that you can clarify what the inspector is talking bout.


Is This Problem Urgent?


Itís a good idea to see how soon any problems in the house need to be fixed. If the roof needs to be replaced within 3-6 months and your finances are tight, itís something that youíll want to know about. While home inspectors will reserve their opinions about a property overall, professionally, they can tell you how big of an issue certain things are. You may need to hire a certified professional who specializes in a certain area like plumbing or electricity for further evaluation in many cases. For your own knowledge, itís a good idea to know what needs to be done around the property and when.             


Take Notes


Youíre never going to remember where everything is in the house on the first pass. Itís a good idea to carry a notepad with you when youíre going through the home. Make notes of any major issues, where they are, and how to fix them. This way, even after the inspection report is sent, youíll have something to refer back to.  


Is This At The End Of Its Lifespan?


Your home inspector will take a look at all of the moving parts of the home that youíre about to purchase. This includes the appliances. Is the dishwasher on its last leg? Will you need a new refrigerator very soon? Is that creak in the floor more than just a problem with a floorboard? If you find out what to expect from both the major and minor issues in the home, youíll have a better idea of what to expect from the property overall. 


Home inspectors give you an overview of the condition of a home. Inspectors will tell you that there is no home that comes completely clean when it comes to an inspection. Even a brand new home that was just built will have some issues. While it may not be the most fun to find out that your new home needs a new roof, at least you and your realtor will know what needs to be brought to the negotiation table if you decide to go through with the purchase of the home.







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