Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Should Sellers Order a Pre-sale Home Inspection?


One of the main reasons home sale transactions fall apart is inspections. This happens when something unanticipated is discovered during the buyers' inspections of the property, and the buyers and sellers can't agree on a remedy.

For example, the sale of a four-year-old, multi-million dollar property in Northern San Diego County recently fell apart because of an inspection. A team of inspectors were brought in by the buyer to report on the property's condition. The roof inspector said that the roof needed $450,000 worth of work. Not surprisingly, the buyer immediately backed out of the deal.

The sellers are suing the roofer who inspected the roof. Other roofing experts agreed that the roof had some problems; it had been improperly installed. However, their repair estimates were all a fraction of the "deal-killing" bid. The judge might grant the sellers a judgment against the roof inspector. But, this will provide little satisfaction because the sellers are still searching for another buyer.

Would the sellers have been better off ordering a home inspection before they marketed their home for sale? Undoubtedly, they would have. (A home inspection is a comprehensive inspection of the home and all its major systems and components.) The seller's inspector would have called attention to problems with the roof. The sellers could have consulted roofers before marketing their home to get estimates for repairs. Then, they could have marketed the home, disclosing that the roof needed work, along with the repair estimates. Or, they could have had the repair work done before the house was listed for sale.

There's a lot of psychology involved in a home sale. Buyers who are aware of a problem up-front can process this information before making an offer. They can factor the cost into their bid, or ask the sellers to take care of the problem. Buyers often have mixed feelings of excitement and trepidation when they enter into an agreement to buy a home. The impact of an unexpected "bad" report can destroy their excitement and enhance their fear to the point that they want nothing to do with the property.

First-Time Tip: Sellers who decide that a pre-sale home inspection is the way to go should ask their agent for the names of several home inspectors who are well-known and respected in the local real estate community. Interview these inspectors until you find one who you think will give you a thorough and accurate inspection. For example, if you are selling an older home, use an inspector who has a lot of experience inspecting older homes.

Most states, except Texas, don't license home inspectors. Make sure that the inspector you use is a member of ASHI (American Society of Home Inspectors), or a similar trade organization. ASHI has strict membership criteria, based on experience. Your home inspector should be a licensed contractor, engineer, or architect.

One reason for using an inspector who has a good local reputation, and name recognition, is that you want the buyers, and their agent, to feel comfortable with your inspector. This will add credibility to your report. Your agent should make the report available to buyers to review before they make an offer.

Make sure that your home inspector will agree to return to the property with the buyers to review the inspection report with them. Also, encourage the buyers to have their own inspector look at the property.

For More Information on Selling your home quickly visithttp://www.webuyhouseshome.com Unlike other so called We Buy Houses websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. Click Here to sell your home quickly and compare agents.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


New York Times

Recent Commercial Real Estate Transactions
New York Times
$12.9 MILLION. 24 St. Marks Place (between Second and Third Avenues). Manhattan. A private investor has bought this 12,374-square-foot mixed-use East Village walk-up with 16 apartments — five one-bedrooms and 11 three-bedrooms — of which four are ...



Mansion Global

UBS Economist: Why You Should Wait to Buy Luxury Real Estate
Mansion Global
This year's report found that the world's major financial centers are facing greater risks of a real estate bubble in 2017 compared to the year before, with Toronto taking the top spot in terms of risk of a bubble. Mr. Veraguth, 49, has a masters in ...



Forbes

Real Estate Co-Investment Partnership Clubs For Family Offices
Forbes
For family offices that want to invest into real estate, a partnership is an option worth considering. A family office real estate partnership is a private investment club that focuses on either U.S. properties or exclusively foreign commercial real ...



Politico

Exclusive: Zinke linked to real estate deal with Halliburton chairman
Politico
WHITEFISH, Mont. — A foundation established by Interior Secretary Ryan Zinke and headed by his wife is playing a key role in a real-estate deal backed by the chairman of Halliburton, the oil-services giant that stands to benefit from any of the ...



Washington Post

Hot real estate markets can prove challenging for home appraisals
Washington Post
Your real estate agent is doing the exact thing that he is supposed to do. When there are lots of sales in a neighborhood, an appraiser has an easier time trying to come up with an appraisal amount. As you've come to see, when there is a limited number ...



Boing Boing

The Rent's Too Damned High: 15000 words on the ways real-estate speculation and inequality have killed NYC
Boing Boing
Harper's has published The Death of a Once Great City, Kevin Baker's beautifully written, 15,000 word, non-comprehensive list of all the ways that raising the rents in New York City (something that was enabled by the related phenomena of the increasing ...



Progress Index

Dear Monty: Picking a real estate agent for the wrong reasons
Progress Index
​Reader Question: ​I have a friend who is a real estate broker. She wants to be my agent for a home I currently own and the home I buy when I relocate. She has another job and appears overwhelmed. She lives two hours from where I am buying, and the ...

and more »


Sandusky Register

Real Estate Stories
Sandusky Register
After several months, the homeowner receives notice that his payment is increasing dramatically because his escrow account to cover real estate taxes is short. The problem is the increase in taxes is nowhere close to the increase in payment demanded by ...



The Mortgage Reports (blog)

No-commission real estate agents sell your home at a fraction of the cost
The Mortgage Reports (blog)
Houwzer is kicking the traditional real estate agent model to the curb. Rather than asking its sellers to foot the bill for hefty commissions, Houwzer pays its agents a salary. This keeps the pressure off seller pocketbooks while ensuring agents don't ...

and more »


Wall Street Journal

VTS Plans Tool to Help Commercial Real Estate Clients Track Market Trends
Wall Street Journal
The big data scrum in the commercial real-estate industry is about to heat up with the launch of a new service by a startup whose investors include Blackstone Group LP. VTS provides a mobile-friendly dashboard to landlords and brokers that allows them ...

and more »

Google News

home | site map
© 2006 TIGER MEDIA