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Real Estate Inspection - Do Your Own
Why should you do your own real estate inspection? To get a better deal. It isn't necessary to learn building codes, and you probably should use a professional inspector in any case. The point of learning what to look for is to have negotiating points. Home Inspection Checklist With a good inspection checklist, you won't forget things. There are more than a hundred items on my own list. Could you keep all those in mind as you walk through a property? Did you remember to look for water stains on the basement walls the last time you looked at a house? Bring a list! A good list is organized by area of the house, usually starting outside. As you walk around and then through the home, check each item on the list. Be sure to take notes. If the gutter is coming loose on the side of the house, write that down, along with notes about rotten wood or anything else associated with it. Don't worry if you don't know the difference between 12-gauge and 14-gauge wiring. The point isn't to become an expert on all the building trades, as useful as that would be. Just use what you do know. Note if something looks "odd" or "smells funny." Then you can have a professional inspector have a closer look. Real Estate Inspection As A Negotiating Tool You can, of course, just make an offer on a home with an inspection clause. Then, after an inspector goes in, you can re-negotiate the price based on his findings. This is a common way of doing it. The problem is that it can often offend the seller, and blow the deal. Would you like somebody to drop their offer by $10,000 after they already put it in writing? A better way is to find as many problems with the property as you can, BEFORE making the offer. That way you can take all of these things into account. Also, a list of the problems presented with an offer is a good impersonal (therefore non-offensive) way to negotiate a lower price. You don't have to be a carpenter to note that a railing is loose. You can see if a home needs new paint. Real estate inspection can start with simple things like these, and end with a better price for you. Steve Gillman has invested real estate for years. For a complete home inspection checklist, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com
MORE RESOURCES: Real estate experts share a message for home buyers as they predict rising home prices through 2025 Fox Business The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It The Wall Street Journal Anywhere Real Estate Inc. (HOUS) Reports Q1 2024 Financial Results Amidst Market Challenges Yahoo Finance Judge Approves $418 Million Settlement That Will Change Real Estate Commissions - The New York Times I'm A Real Estate Agent: Here's What Will Happen to the Housing Market If Rent Keeps Rising Yahoo Finance Agencies' headquarters in DC remained 'nearly empty' in 2023, real-estate board finds Federal News Network reAlpha Tech Corp. 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Just Look at Detroit. The Wall Street Journal Top residential real estate sales for April 8-12 in Sarasota, Siesta Key, Palmer Ranch, Osprey, Nokomis Your Observer Philly's luxury penthouses; Linden Hill Estate in Gladwyne up for auction The Philadelphia Inquirer Inside Savannah Homes $3.1M Tybee home with panoramic ocean view Savannah Morning News Real Estate Property Transfers in Franklin for April 1, 2024 Williamson Source ANYWHERE REAL ESTATE INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Longview News-Journal Kevin Owens joins Scottsdale-based Lessen real estate company | Scottsdale Independent Daily Independent Bedford board votes to keep real estate tax rate level Lynchburg News and Advance Anywhere Real Estate Inc. 2024 Q1 - Results - Earnings Call Presentation (NYSE:HOUS) - Seeking Alpha Pigford marks 50 years as licensed real estate agent Meridian Star La Rosa Acquires Tenth Real Estate Brokerage Franchisee with Revenue of $4.7 Million and ... 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Yahoo Finance Who's Who in Residential Real Estate 2024: Berkshire Hathaway agents - Pittsburgh Business Times The Business Journals CoStar Group acquires Matterport for digitalizing real estate GIM International Real estate transfers GoDanRiver.com As RREAF CEO Kip Sowden weighs future, son Graham waits his turn The Dallas Morning News Massachusetts housing crisis: Greater Boston Real Estate Board campaign slams transfer fees Boston Herald The Highest Paid Execs in Real Estate Mike DelPrete Positive week for Mivne Real Estate (K.D) Ltd (TLV:MVNE) institutional investors who lost 6.9% over the past year Simply Wall St Manhattan Real Estate Update: "Embrace the Boredom" westsiderag.com Anywhere Real Estate Inc. (HOUS) Reports Q1 2024 Financial Results Amidst Market Challenges Yahoo Finance UK Recent commercial real estate transactions - 4/24/24 BizTimes Milwaukee What changes to real estate industry commissions could mean for you | Dollars & Sense ABC10.com KXTV Baltimore City: See how much real estate prices increased the week of Dec. 11 - The Baltimore Banner Baltimore City: See how much real estate prices increased the week of Dec. 11 The Baltimore Banner Invest DSM selects real estate firm to manage mixed-use building in Highland Park Local 5 - weareiowa.com Collierville shopping center sold to Atlanta-based real estate firm - Memphis Business Journal The Business Journals California, United States Luxury Real Estate Home California Listings How restaurants can tailor real estate strategies to an uncertain market Restaurant Business Online Big changes coming to commissions in July ABC10.com KXTV Real Estate Sales Include Two Falconer Commercial Properties Jamestown Post Journal Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout The Wall Street Journal Is The Housing Market Going To Crash? Bankrate.com Choice Properties Real Estate Investment Trust Reports Results for the Three Months Ended March 31, 2024 Business Wire Fennemore renews Biltmore lease with smaller footprint amid firm's national expansion - Phoenix Business Journal Phoenix Business Journal Pod People on KWTX@4: Meet the podcast host of "Mosaic - The Stories of Real Estate." - 4.24.24 KWTX PEA Group buys ASTI Environmental Crain's Detroit Business 10 Real Estate Charts Showing What's Next for Housing: Ivy Zelman Business Insider Homebuyers and sellers might spend less following major real-estate settlement - Evanston RoundTable Homebuyers and sellers might spend less following major real-estate settlement Evanston RoundTable |
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