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Articles tagged with: home inspector

Sep20

Signs It’s Time to Walk Away from a Home Purchase

You’ve spent most of your weekends looking at houses. You have finally found the house of your dreams. Unfortunately, something came up in the midst of the homebuying process. Now, you’re wondering whether or not you should push through with the transaction.

Here are 3 signs it’s time to walk away from a home purchase.

Not everyone is on board

If you’re buying a house with your spouse or partner, then both parties should be on the same page. Before you start looking at houses, we suggest that you make a list of the features you want and need in a house.

Even if you think you have found the perfect house, if your partner doesn’t think it’s the one, then you shouldn’t push through with the transaction. Since both of your names are on the mortgage, both parties should walk away happy.

Even if you have already sent the contract to the seller’s agent, you are free to withdraw the offer. Let the agent know that you changed your mind. This is acceptable, provided that the seller hasn’t signed yet.

There are serious inspection issues

If the home inspection report comes back with some major issues, you may want to think twice about buying the house. Major issues such as structural damage, water damage, roof problems or faulty electrical systems are not only costly to fix; they can also pose a threat to the health and safety of your family.

If you find any of these issues on the home inspection report, it may be time to hit the brakes on your home purchase.

You can’t afford it

Some people fall in love with a house because of its appealing features or because it has character. The last thing you want is to fall in love with a house, and then find out later on that you can’t afford it.

Before you start house hunting, sit down with your partner and crunch some numbers. It is also a good idea to get pre-approved for a mortgage. Not only will it give you a good idea about how much you can afford, it can also prevent disappointment down the road.

If you can’t afford the house, it is best to back out of the real estate deal. There is no point in buying the most attractive house in the neighborhood if you’ll end up living like a peasant in the coming years.

Jun06

Home Inspection Tips for Sellers

Most buyers have a house inspected before they buy it. One of the biggest fears of sellers is for buyers to find out about some issues they aren’t aware of. This is why it is important to have the property inspected before putting it on the market.  

Getting a pre-listing inspection offers some benefits to sellers. It will help you determine what condition your house is in and avoid any unexpected surprises. This will ensure that the selling process goes smoothly and gets you the most money for your home.

Hire a good inspector

There are lots of inspectors out there. Since home inspectors in some states are not required to be licensed, it can be difficult to identify the good ones from the bad ones. Anyone can easily pose as a home inspector, especially in states where regulations are not stringent.

If you have family or friends who recently bought or sold a house, feel free to ask for recommendations. Your real estate agent may also know a good inspector. But before you hire one, make sure that you do some research to protect yourself from hiring an unqualified home inspector. Go online and read reviews from past clients. It is also a good idea to interview the inspector, ask a few questions and see a sample of a home inspection report.

Prepare the house for inspection

The primary purpose of a home inspection is to examine the condition of the house. In order to do their job properly, inspectors will need access to different parts of your home. They need access to the attic, basement, garage, crawlspace, and other areas. Get rid of clutter and remove anything that blocks access. Prepare each area for inspection and unlock all doors before the inspector arrives.

Attend the home inspection

Attending the home inspection isn’t mandatory. But whenever possible, we strongly recommend that you be present during the inspection.

By attending the inspection, you’ll be able to identify the issues you have never noticed and determine which ones need immediate repair. This way, you can make certain repairs prior to selling.

Read the report

A home inspection report is basically a huge list of everything that is wrong with your house. Make sure that you read the report carefully and thoroughly to help you understand the condition of your home. If you want to sell your home quickly and for top dollar, you need to pay attention on major issues as well as those that can pose a threat on the health of potential homeowners. You want to make sure that your house is in pristine condition before putting it on the market.