When you need to get the very most for your home it is important to be prepared. Here are some key points to getting the best inspection results for your home. Exterior
First Time Home Buyer CheckList 02/22/2010
Home Buying Checklist: The Process Of Buying Your New Home So you have been looking at home listings online for days now and you want to go inside a few and start the process of ownership. Once you've made the decision to buy a home, it's time to start thinking about what comes next. Every buyer needs a checklist that will guide them through the process of searching for the perfect home, evaluating their choices and making a sound purchase for you and your Family. Learn The Lingo When you set out to buy a new home, you will need to familiarize yourself with various real estate terms, conduct research on the market value of homes in the area in which you intend to shop and learn the art of negotiation. This information will help as you browse homes, talk with Realtors and get further into the buying process. Finding A Home Useful Links. Zillow.com,Homes.com, Century21.com, Remax.com, MLS Get A Free Credit Report Every 12 months, you are entitled to request a free copy of your credit report from each of the three major credit reporting agencies - Equifax, TransUnion and Experian. You should make this request before you begin looking at homes in order to allow yourself enough time to identify and dispute any inaccuracies in your credit file(s). When you approach a lender, you will need to make sure that everything is correct and up-to-date. AnnualCreditReport.com is the official site to help consumers to obtain their free credit report. Get Pre-qualified Pre-qualification is different than pre-approval in that it gives you a possible price range that you can afford, but does not guarantee you the loan. Pre-qualification is important because it will help you narrow your search to include only homes that you can afford. Knowing what you can pay beforehand will save you both time and disappointment in looking at homes that do not fit your budget. Speak With A Realtor Nobody knows the real estate business like a Realtor, so let them help you to find your new home. Based on your specific requirements, a Realtor can locate a home that will suit you at a price that's within your budget. When he or she finds one or more possible candidates, you will be invited to tour the home. At this point, you should take a camera for the purpose of later reviewing each house with visuals instead of relying solely on memory. As you do for a home, take your time in finding a Realtor. To locate a great Realtor in your area go to ActiveRain.com Make An Offer Once you find the perfect home, make an offer that's less than you are actually willing to pay. This way, the seller can make a counteroffer that would hopefully still be within your budget. It's important to familiarize yourself with the art of negotiation so that can learn how to get the best deal without insulting the seller. If you have not yet been pre-approved, make sure that your offer is contingent upon your being able to obtain the necessary financing and that the home be inspected by a professional home inspection company. Offer Accepted Now that your offer has been accepted you will have 14 days or less to have the home inspected for defects. Once the home inspector has prepared his report, you will need to respond to the seller for repairs, price reduction or credit after closing. This will be best negotiated by your Realtor after you discuss your needs and wants. The Average cost for a great home inspection is $325 to $400. Read More About Choosing a Home Inspector Here Obtain A Loan Once you and the seller agree on a purchase price, you may be required to provide an earnest money deposit that will secure the home as you obtain a loan (if applicable). A lender will require a home inspection and appraisal for the property in connection with your loan application. In most cases, you will know within 24 hours whether or not your application is approved, but the actual closing will not occur until the inspection and appraisal are complete. Get Moving Now that the papers are signed and you have the keys to your new home, it's time to get moving - literally. Remember to decorate your new home and add all of those special touches that reflect your personality. After all, a house is only a house until you make it a home Choosing A Home Inspector 02/21/2010
When a house is bought or sold, a home inspection is a common practice that alerts both homeowners and buyers to the condition of the property in question. When you are in need of a home inspection in California, you should only choose those home inspectors that incorporate the Standards of Practice of Inter NACHI (International Association of Certified Home Inspectors) or ASHI (American Society of Home Inspectors), NAHI (National Association of Home Inspectors) Be sure you select a Home Inspector who is a Master Home Inspector. This guarantees experience in all building practices. 1. The average fee for a home inspection is between $300-$500, but the information received from an inspector is priceless. It could be the turning point between a sale and a buyer going back to searching for the perfect home. The number of home inspection representatives is vast. There are home inspectors in that offer a lower price, but you must beware of their credentials, and their business ethics. You can find the top home inspectors in California on ActiveRain.com 2. Request references. Sometimes, contacting past clients will give you insight as to how capable a potential home inspector is. When you are ready to begin your search, keep the following questions on hand:
What You Should Know The state of California does not require a license for home inspectors, so it is important that the home inspector you hire be a master home inspector and not just a member of a club or an association. The California Trade practice act (Chapter 338) was enacted in 1996. The law in California prohibits unethical home inspection practices, including repairing properties that home inspectors have inspected in the previous 12 months. The law encourages courts to consider the Standards of Practice and Code of Ethics of ASHI and the California Real Estate Inspection Association. We abide by a set of standards of practices and code of ethics that require professionalism and attention to detail. Our home and property inspections exceed all National Home Inspection Associations Clubs and organizations. Click here to read more about what question you should ask your potential home inspector. A current list of referrals is available on request |