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Real Estate Information |
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Home Inspectors - Negotiating a Lower Price
To help you negotiate a fair sale price for a home, it's best to get an appraisal and inspection report. Even if you agree directly with the home seller on a sale price, you may want these items to safeguard the value of your new investment. To hire a professional inspector, contact the American Home Inspectors Directory (AHID). The American Home Inspector Directory includes inspectors from all national recognized home inspector organizations. Including the American Society of Home Inspectors (ASHI), National Association of Home Inspectors (NAHI), or National Association of Property Inspectors (NAPI). A certified inspector checks a home for: Structural components. This includes the foundation, floors, walls, columns, ceilings and roof. Home exterior. This includes doors, windows, chimneys, decks, balconies, steps, drainage and driveway. Plumbing. This includes pipes, sinks, drains, and bathroom fixtures. Electrical system. This includes wiring and grounding equipment, amperage and voltage ratings, circuit breaker and lighting fixtures. Heating and cooling systems. This includes boilers, thermostats, heat pumps, insulation, air conditioning, central controls, fans, ducts and filters. An inspection report may exclude condition of paint, wallpaper, carpeting, household appliances and draperies. These are generally replaced by the buyer, whose tastes are likely different. You may also want a special inspection for pests, or for soil and drainage. Inspections generally cost between $250 and $500. An appraisal is almost always required when you buy a home. However, if you disagree with the appraisal value, you can always order your own appraisal. You can find an appraiser through such organizations as the National Association of Master Appraisers (NAMA). Appraisals generally cost between $250 and $500. Negotiating a sale price usually starts with you making an initial offer on the home. The initial offer is usually less than the seller's listing price.The seller can accept, reject or ignore your initial offer. He can also make a counter-offer. A counter-offer is a concession to lower the price to meet your offer at least part-way. After the first counter-offer, the buyer and seller may go through a series of counter-offers to arrive at a sale price (if agreeing at all). This means the spread, or gap, between listing price and initial offer gets narrower. Armed with your own appraisal and inspection report, you can make an informed offer and more effectively negotiate a final sale price. Article submitted by the American Home Inspector Directory Micheal Plank
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MarketBeat Added Transfer Fee on Real Estate Weighed as Affordability Boost Franklin Observer Ohtani's lawyers claim he was victim of likeness misuse in real estate deal, move to dismiss lawsuit MSN Metro Detroit homebuyers face higher prices but more inventory, lower mortgage rates The Detroit News Brassbell, Belmazad partner to transform auctioned real estate into hospitality assets Dailynewsegypt Is Real Estate a Good Investment? NerdWallet Commercial real estate isn't just for billionaire developers. A&E explores this hidden world with a new reality show. Business Insider Club One owners sell iconic nightclub to new real estate group for upgrades, expansion Savannah Morning News Should You Invest in the TIAA Real Estate Account (QREARX)? The White Coat Investor Real Estate Troutman Pepper Locke Sirius Real Estate taps bond market for €105m Green Street News Central Mass. real estate transfers, Sunday, Sept. 14 Worcester Telegram Ohtani's lawyers say he was victim of likeness misuse in real estate deal, move to dismiss lawsuit Ottumwa Courier Ohtani's lawyers say he was victim of likeness misuse in real estate deal, move to dismiss lawsuit MSN Mass. median home sale price is $665,000. What you can get in Framingham for that MetroWest Daily News Ohtani's lawyers say he was victim of likeness misuse in real estate deal, move to dismiss lawsuit galvnews.com First Capital Real Estate Investment Trust (TSE:FCR.UN) Sets New 1-Year High - Time to Buy? 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