by Paul Forsyth
Real Property Inspections
In this market and economy, foreclosures on both new construction and pre-existing homes are abundant - with new arrivals coming monthly. This means that there are some extraordinary opportunities for potential homebuyers.
Foreclosures can come with conditions that are uncomfortable and downright intimidating, but should not be ignored as a possible option. Often times a pre-existing foreclosure is being purchased in an “as is” condition, or a new construction foreclosure is sold with no warranties or guarantees. Being faced with these conditions for the purchase of a lifetime can dampen the spirits of the most brave and seasoned of homebuyers, let alone the first-time buyer.
Don’t be intimidated by all the terms and conditions that the banks are throwing at you. Let your real estate agent take care of those details! The simple fact is that before you buy, find out what it is you are buying.
Have a qualified professional inspect the interior, exterior structure and mechanicals of the home to determine if it meets your expectations. Knowing the condition of the home is your first step in determining if the home is right for you and your personal needs.
There is a notion that an inspection is not necessary if the property is an “as is” purchase. However, the inspection is a very valuable tool of discovery for the buyer and can better prepare you for ownership.
When selecting your home inspector, it is important to know that there is currently no state regulating commission in place in Georgia, making selecting a qualified inspector a difficult task.
A good rule of thumb is to refer to reputable national organizations, such as the National Association of Certified Home Inspectors or the American Society of Home Inspectors, for members in your respective market. These types of organizations require continued education annually to maintain active memberships and are an invaluable source of education and support for the home inspector.
Another means to locate an inspector in your market is to consult your realtor for a list of qualified inspectors in your area. Remember that your agent has your best interest at heart and is very familiar with services (appraisals, lending, termite inspectors, home inspectors, etc.) needed by you in the process of purchasing a home.
One final thought is that the results of the inspection produced in the form of a report can sometimes appear to be enormous and loaded with concerns. Take a deep breath! Go over the findings in a report with your realtor. Remember that your agent sees these reports on a regular basis and can help to qualify issues on a priority basis for you. Your inspector will be available should you need further clarification or explanation.
Don’t go to the closing table without confidence. Hire a professional inspector and know what you are buying!
Foreclosures can come with conditions that are uncomfortable and downright intimidating, but should not be ignored as a possible option. Often times a pre-existing foreclosure is being purchased in an “as is” condition, or a new construction foreclosure is sold with no warranties or guarantees. Being faced with these conditions for the purchase of a lifetime can dampen the spirits of the most brave and seasoned of homebuyers, let alone the first-time buyer.
Don’t be intimidated by all the terms and conditions that the banks are throwing at you. Let your real estate agent take care of those details! The simple fact is that before you buy, find out what it is you are buying.
Have a qualified professional inspect the interior, exterior structure and mechanicals of the home to determine if it meets your expectations. Knowing the condition of the home is your first step in determining if the home is right for you and your personal needs.
There is a notion that an inspection is not necessary if the property is an “as is” purchase. However, the inspection is a very valuable tool of discovery for the buyer and can better prepare you for ownership.
When selecting your home inspector, it is important to know that there is currently no state regulating commission in place in Georgia, making selecting a qualified inspector a difficult task.
A good rule of thumb is to refer to reputable national organizations, such as the National Association of Certified Home Inspectors or the American Society of Home Inspectors, for members in your respective market. These types of organizations require continued education annually to maintain active memberships and are an invaluable source of education and support for the home inspector.
Another means to locate an inspector in your market is to consult your realtor for a list of qualified inspectors in your area. Remember that your agent has your best interest at heart and is very familiar with services (appraisals, lending, termite inspectors, home inspectors, etc.) needed by you in the process of purchasing a home.
One final thought is that the results of the inspection produced in the form of a report can sometimes appear to be enormous and loaded with concerns. Take a deep breath! Go over the findings in a report with your realtor. Remember that your agent sees these reports on a regular basis and can help to qualify issues on a priority basis for you. Your inspector will be available should you need further clarification or explanation.
Don’t go to the closing table without confidence. Hire a professional inspector and know what you are buying!
No comments:
Post a Comment