Real estate home inspection

12 Mar

Posted by Admin as Articles

Sacramento Rental Inspections Update | Real Estate Pick
These home inspectors are not as lenient as the ones you get when you buy a home. For whatever reason the city has decided to be very, very strict. Now, I can only hope that all landlords - especially the ones everyone on the block … read more…

Real Estate Blog - I guess I'm not as smart as I thought….
Cowles Home Inspection Services Inc. Office Phone: (678) 378-7708. Cell Phone: (678) 378-7708. Email Me … Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these … read more…

Real Estate Agent, Real Estate Agencies, Commercial Real Estate …
Whether it be searching for a condo for sale in Chicago, a loft, a townhome, pre-qualifying for a home loan in Chicago, finding a great real estate lawyer in Chicago, an expert home inspector in Chicago, or even a home warranty for your … read more…

From Google Blog Search

The Key to Finding and Evaluating Real Estate in Any Market
Regardless of the real estate market conditions there will always be an opportunity for people to make money by buying and selling homes. That is as long as you have the proper tools for finding and e… read more…

Carpeting and Your New Home
When purchasing a new home there are many steps that are taken in the process to complete the sale and purchase. From finding the right property in the Baltimore area, picking a mortgage broker and ba… read more…

Using The Internet To Buy And Sell Real Estate
The Internet has changed the way we buy and sell real estate over the last few years. With the ever increasing number of websites dedicated to real estate, buying or selling a property online has neve… read more…

From GoArticles.com

Open Question: House is unlivable and can’t afford to make required repairs?
A friend of mine has owned a 2 bedroom 1 bath home in Pennsylvania for about 8 years. They owe 140,000 on the house right now and are able to make the mortgage. However, they gutted the house and found black mold and after more inspection found the foundation and Sill of the house to be completely shot. They had the house on the market before they found all these issues and they were unable to sell. Her husband who is a contractor stated it would cost them way too much to repair the damage to the home with out going completely in the whole financially. She is at her wits end and is contemplating walking away from the house and renting. Has anyone had this experience? Is there anyway the home could be deemed unlivable by a County Inspector? If it is condemned/deemed unlivable how would a mortgage company handle this? Is there any way to walk away from this house with out having huge repercussions? They can not sell the house at this price, they can not refinance because of the real estate market. Have the Foreclosure policies changed to help people who are in this type of situation?
Thank you to “Fay” for having such an intelligent answer to my question. Yes they have heard of Bleach. They did try that, the mold was inside the walls and rotten under the Sill Plate, def.-wood member that rests on foundation wall and is attached to it with anchor bolts. Floor joists and header are attached to it. This rotted, foundation is crap now
. The home passed inspection when it was bought. Until the sheet rock was removed the black mold was not noticeable (obviously) . They already contacted the Ins. Co.-NOT COVERED (mold isn’t covered) Fed HUD for grants-NO GRANTS & their Mortgage Co. -COULD NOT HELP THEM. I asked a serious question and hoped to get knowledgeable replies, its obvious you know nothing, so please do not comment. Leave your ridiculous comments to yourself. Better Yet why don’t you open a cleaning business since you THINK you know so much. BTW- Mold can crow in the cleanest of homes, it just needs moisture.
Their house will not appraise for what they owe on it. They Refi’ed a few years ago and leveraged the house. Nothing is selling around here. Plus, since they completely gutted the house there are no rooms, only a bathroom an bare studded walls. They had planned on remodeling the house but now they are in a sticky situation with the rot and mold. They can handle the mold situation but the cost to repair the Sill, and foundation would be too costly

Open Question: i need help with some real estate questions, and i need the right answers?
1.Which statement is TRUE about required disclosures to residential buyers?
a. There is a two-year statute of limitations on disclosure.
b. The buyer also has a duty to exercise reasonable care.
c. The duty of inspection is limited to one to four residential units.
d. All the statements above are true.

2.The Easton decision about required disclosures does NOT apply to
a. single-family residences.
b. defects that would be discovered by a reasonably competent inspection.
c. nonresidential property.
d. patent defects.

3.An agent would MOST likely have to inform a prospective purchaser about the
a. triple murder in the home six months earlier.
b. race of the previous occupants.
c. former owner having died of AIDS five years ago.
d. present owner having AIDS.

4.Which is an example of blind advertising?
a. Failure to advertise a location
b. Failure to indicate that the advertiser is an agent
c. Failure to include the name of the agent
d. Failure to include the price

5.In selling a commercial property, an agent’s duty to the buyer includes
a. informing the buyer of the results of a reasonably competent and diligent visual inspection.
b. informing the buyer that the zoning is not appropriate for the intended use.
c. telling the buyer the reason the seller is selling.
d. providing the buyer a disclosure statement regarding agency relationships.

6.I told prospective purchasers, “You will love living in this neighborhood.” After experiencing problems with their new neighbors, they sued the broker for this false statement. A court would likely determine the statement was
a. criminal fraud.
b. misrepresentation.
c. puffing.
d. none of the above
7.A listing broker is NOT ordinarily responsible for wrongful acts committed in the course of a sale by
Choose one answer. a. his employees.
b. his salespersons having independent contractor contracts.
c. other brokers acting as subagents.
d. none of the above

8.An agent may pay a fee to an unlicensed party who
a. shows property.
b. negotiates sale or lease terms.
c. takes a deposit from a buyer.
d. introduces the buyer to the broker.

9.Which statement is TRUE of the buyer’s duties?
a. Buyers have the same disclosure duties as sellers.
b. Buyers are required to complete a disclosure statement only for residential purchases.
c. Buyers are subject to Easton liability for nondisclosure.
d. Buyers have no duty to disclose material facts to the seller

10.Buyers MUST disclose to sellers
a. any information they have of which the seller is unaware.
b. the purpose of their purchase.
c. other purchases they have made.
d. none of the above

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