THE 3 MOST IMPORTANT WORDS IN REAL ESTATE ARE:
LOCATION, PRICING & CONDITION!
Many considerations must be taken into account when determining which home you should buy and Condition is a significant factor to be calculated into your home purchase equation. Which is why a certified real estate inspection serviceshould be an important part of your team. At the time of your initial offer of purchase and sale, your real estate agent professional should include a conditional clause of home inspection and septic inspection(if home is equipped with septic sewage system), and the obtaining of inspection reports satisfactory to the buyers in the buyers sole and absolute discretion, failing which this offer shall become void. This clause will request that the home and septic system(if equipped) to be inspected prior to finalizing the agreement of purchase and sale and protect the buyer against unexpected costs, sometimes inspections are mandated by financial institutions.
All homes require constant care; care that will cost money. Most homebuyers take into consideration what the cost of paying the home`s mortgage, taxes and utilities will be, but fail to factor in home repairs and maintenance. Is it better to buy a home in a good condition at a higher price or a home in need of repairs at a lower price?
The answer is: It depends! While this response may seem vague, this is where the information provided by your inspector on the inspection will be important for the buyer to consider. A home that is inspected and found to have many defects that is selling for a low price may be a great value for a homebuyer who is very handy and has the time and money to make the needed improvements.
On the other hand, buying a home that requires a lot of repairs may be a big mistake. Homebuyers must consider the repairs outlined in the report provided by their real estate inspection service and whether or not they can afford to make them after paying their mortgage, particularly if the buyers do not consider themselves do-it-yourselfers.
All home inspectors are NOT created equal. Choosing the right real estate inspection organization is crucial. To make certain your home inspector is qualified you need to "Inspect the Inspector". Follow this important advice and you will be able to make an informed real estate purchase. A proper home inspection will provide you with a wealth of relevant information on the house that you are about to commit to. A home inspection report will contain information on the following aspects of the home:
Home inspectors are not equipped to perform septic system inspections, if your home you're considering purchasing has septic, buyers should consultant a septic sewage system inspector as well.
Compliments of Ron Klingbylea full time top producer real estate professional serving Windsor and the surrounding Essex County Community Areas. If you're thinking of Buying or Selling a home, investment or commercial property or relocating to the Windsor / Essex County Area? Contact me I can help, let my consistent, proven accomplishments and lifetime experience in real estate go to work for you.