Hello my friends. Imagine purchasing a home after searching for days, weeks, or even months and choosing not to get a home inspection. Your loan was approved and you anxiously signed your loan docks. You were so excited that escrow finally closed and you happily took possession of your home. You were blissfully enjoying your new home when suddenly, one rainy day, the roof starts to leak. Water enters the structure and into the service panel resulting in water damage and electrical failure. What are you going to do?
I will tell you what your about to do. Since you failed to get a home inspection, you are about to spend hundreds and even thousand of dollars in repairs.
Always get your home inspected before escrow closes.
Do not be afraid to ask questions about the home that you are considering to purchase.
Don't let anyone try to discourage you from having your home inspected. The knowledge you gain can save you thousands, and the lack of knowledge could cost you dearly.
I will tell you what your about to do. Since you failed to get a home inspection, you are about to spend hundreds and even thousand of dollars in repairs.
Always get your home inspected before escrow closes.
Do not be afraid to ask questions about the home that you are considering to purchase.
Don't let anyone try to discourage you from having your home inspected. The knowledge you gain can save you thousands, and the lack of knowledge could cost you dearly.
Once you've decided to have your home inspected, always have your inspector send you a copy of the inspection report, so that you can have the full original copy. The reason why is this: with today's technology I believe that e-mails can be altered. By having a hard copy of the report, you will be able to compare the two for any changes that may have been made.
It would be in your best interest to not rush your inspector. Allow enough time for him or her to analyze the structure carefully and to make the necessary documentations in their report. A rush job leaves room for error and that is not something that you want to have happen when purchasing your home.
If the seller agrees to make repairs, it would be wise for you to make a list of the repairs and have a re-inspection done. A re- inspection is a powerful weapon. It always catches the seller's by surprise. No one is expecting you to have the inspector to return. The look on their face is priceless and the reward you get is peace of mind.
Always conduct a background check on the structure, especially the older ones. Whenever you see modifications have been made, such as roof replacement or room additions, visit the local jurisdictions. This method will ensure that the proper building permits are on file for that particular modification.
Important note: Room additions, pool installations, and roof replacement definitely require a building permit. Check with your local building department.
Important note: Room additions, pool installations, and roof replacement definitely require a building permit. Check with your local building department.
Learn more about your homeowners warranty prior to the close of escrow. Ask the agent or agents for the name and telephone number of the homeowner warranty company so that you can verify what is actually covered in the warranty.
During the real estate transaction, some of my clients were told, “the homeowners warranty will cover some repairs.” This method is being used to appease the buyer, to help the deal run smoothly, too avoid any argument, and to discourage the transaction from falling out of escrow. Once escrow closes, the home buyer is left holding the bag when they find out the items they were told were covered by the homeowner warranty during the purchase of the home are in reality not covered.
My friends, I hope that this little bit of information was helpful to you. May your home purchasing experience be a great one.
During the real estate transaction, some of my clients were told, “the homeowners warranty will cover some repairs.” This method is being used to appease the buyer, to help the deal run smoothly, too avoid any argument, and to discourage the transaction from falling out of escrow. Once escrow closes, the home buyer is left holding the bag when they find out the items they were told were covered by the homeowner warranty during the purchase of the home are in reality not covered.
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