Whether you’re buying a house that is 50 years old or you’re purchasing a brand new construction home, every homebuyer should know some very important basics before they sign on the dotted line. Once you’ve narrowed down your choices to a few homes to choose from, write down a list of your must-haves, can live withouts, and your items that would make the home no longer an option for you. Then, continue to narrow the list down until you find the right piece of property for you and your family.
As soon as you determine the home you’d like to buy, your realtor will help put together a contract. This contract basically tells the seller the amount you’re willing to pay, and they can either make a counter offer or accept the offer. Once this happens, you should schedule a home inspection without delay. The outcome of the home inspection could determine many important things that can help you in the final decision to buy or not.
The home inspector’s job is to perform a “basic overview” of the home’s condition. He will check for things like leaky roofs, foundation issues, plumbing problems, as well as the age and condition of all appliances and the heating and cooling system. If he sees any issues, it is his job to inform you of those issues and let you make a decision as to whether or not the cost to have any problems repaired will keep you from purchasing the home. Some buyers opt to give the seller an ultimatum to have the problems corrected before they close on the house, or to allow the buyer to deduct some money off of the final asking price so that they can pay for the repairs.
Newly built homes typically should not have problems when it comes to the foundation or electrical system. Older homes can sometimes be more tricky. This is because laws and codes change constantly in construction, and when the home was built it was probably up to code but today it may not be. Other problems may just be related to age and general wear and tear, and in many cases it is just a matter of a simple fix. As a homebuyer, you want to make sure you’re getting the most for your money and that the home is safe. This is why having an inspection performed can save you a lot of money and heartache in the long run. Make sure you check trinity-realty.com for more information and any needed help.
Important Information To Know About Real Estate and Property Management 