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Things to Consider During a Home Inspection
Posted on Mon, 29 Feb 2016, 10:35:00 AM  in Marketing strategies,  My services
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Deciding how much to offer for a house can take some time. Not only do you need to look at comps for the area, but you also need to arrange for an inspection. The inspection will reveal any hidden damage or problems that you didn't see on your walk through, including rotten floorboards, damage to the roof or a plumbing system that needs updated. If you find that the home needs significant work, you might put in a lower offer or ask that the current owners make a few repairs before closing. As with other steps in the home buying process, there are always specific things you should consider.

Who Pays for the Inspection?
As a first time home buyer, you might wonder who pays for the inspection. The buyer is generally responsible for the inspection, but some sellers actually pay for an inspection to show that the house is in good condition. Paying for the inspection yourself has some big benefits though. It lets you pick your own inspector and work with someone you trust to give you a full list of any problems found on that property.

Does It Cover Mold?
When you hire an inspector, always ask if the full inspection covers any mold found in the home. Though some buyers freak out at the idea of mold because inspectythey assume it's a toxic form of black mold, most mold found in Canadian homes is relatively harmless. It often builds up because of a leak underneath the cabinets or because of a leaky pipe inside the walls. The inspector should tell you if he or she finds any signs of mold and the type of mold found. Some may also give you information regarding the cost of removing that mold.

Will the Inspector Look for Insect Damage?
Homes that have any type of wood components or building materials are susceptible to termites. With a more severe infestation, those termites can actually eat through the floorboards or cause significant damage to the foundation, which can make the house lean or tilt. If the house has a basement, the insects can do damage to the steps leading down to that area and to the walls. A professional inspection should look for signs of termite damage in all parts of the house and look for rodents and other types of insects too.

What Else Does it Cover?
If this is your first time paying for a home inspection, you may want to know what else it covers. The inspector should check the home for both carbon monoxide and radon leaks. A good inspection will also check all aspects of the electrical and plumbing systems. The plumbing system includes all sinks, toilets, tubs and showers in the home, visible pipes and any pipes inside the walls. It should also include a thorough inspection of the septic system as well.

What to Do with the Results
The inspection can come before or after you make an offer. If you arrange for an inspection after putting in an offer, you and the seller must agree that your offer is contingent on the house passing inspection. Arranging for an inspection early on lets you get an idea about its condition and the amount of work required of you later, which helps you decide how much you want to pay. Use the results of that inspection to determine if you can afford the repairs, if you want the owners to make some of those repairs or if you can reach an agreement regarding who pays for what in terms of repairs.


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Purchasing a New Home
Posted on Mon, 22 Feb 2016, 09:15:00 AM  in Home buying tips,  Marketing strategies,  My services
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If you are interested in purchasing a new home, it is always strongly recommended for you to plan ahead and shop according to your needs. Not all properties are meant for all shoppers, but with the right approach, it can be easy for anybody to make the most of their future purchase. If you are new to the home-purchasing process, keep some of the following tips in mind to make your next purchase even more advantageous. Though it may seem as though there is a lot to learn, the fact of the matter is that it can be easy to walk away with an excellent home at the right price simply by practicing your saving and searching skills.

If you need to speak with mortgage companies to get a loan for a new home, it is strongly recommended for you to keep your money even for the next three to six months prior to shopping around for the home. You want lenders to see that you have your finances in order, and one of the best ways to achieve this by simply showing them that you are a reliable investment. Keep your paper trail clean and avoid making any other major purchases until after the approval.newhome

Do not jump the gun until you know that you are good for your loan. Anybody can be pre-qualified for a loan, and if you receive your pre-qualification news, do not act until you get further clarification. What you are looking for is a pre-approval, which implies that the lender has already looked at all of your information, and they are interested in working with you. Plan ahead for additional fees and avoid getting caught unaware.

Read the fine print to your property rights carefully to learn about your property's exact parameters. This is essential when it comes to assessing your individual rights as a homeowner. Learn about where your property lines are to avoid disagreements with your neighbors, and plan ahead for the total area owned so that you know how to prepare for the tax season. A little bit of care goes a long way when you know your rights.

Many buyers are obsessed with trying to time their market investments. Though this is a good way to purchase a property at a lucrative price, the fact of the matter is that the market is often too volatile for an exactly planned purchase. The best time to purchase a new home is when you can afford to buy it and make all of the necessary payments.

Try not to get too hung up on the size and appearance of the home. Any standard property that does not show any signs of obvious damage can be ideal for your needs, and you do not need to shop for the biggest and most attractive house on the block. Larger homes only appear to a small and specific audience, and you do not want to limit your options when it comes to purchasing a home for the first time.

Always take a look at the neighborhood before you finalize any of your purchases. This is one of the best ways for you to plan ahead and make the most of your opportunities because you will know what to expect after the move. Think about your regular needs as a resident and make sure that the neighborhood can match them. Do you need to attend a local school? Are there plenty of public transportation sections around the area? What about shopping? Groceries? Avoid investing until you are absolutely certain that all of your needs are going to be met around the property.

 


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.

 

 


Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

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