Wisdom of A Pre-Listing Inspection | Dung Quat Today - Join stock …
Also, having a pre-listing home inspection performed ahead of time helps in many other ways: a. It allows you to see your home through the eyes of a critical third-party. b. It helps you to price your home realistically. … read more…
Off Plan Development Investments: The Most Important Elements …
Items to look for when getting a home inspectionFallout Tactics v.1.27 crackneverwinter night fuskactivation key dupe checkerGTA Vace Citishadow key grabber warcraftdownload .blz decoder1.13e sc hackshack phone GC6J3shakira down loadnokia … A lower price is the initial profit you will get. You may find a finished piece of real estate that will sell for 25% more than an equivalent off plan property. Naturally, the designer is more than ready to pre-sell the real estate … read more…
Why a Home Inspector Can be Your Best Friend When it Comes to Your …
When the home inspector is finished, he will write up a report, note the repairs he feels need immediate attention by the seller, give an estimate of what the repairs should cost, and then we look over the report together, … read more…
From Google Blog Search
List Of Costs Of Selling A Home For People Selling By Owner
You have decided to list for sale by owner, or ‘fisbo’, as some people call it. You’ll want to know what the list of costs of selling a home might actually be.
This depends on a significant number o… read more…
Tips for First Time Home Buyers: How to Choose the Perfect Starter Home
Buying your first home is an exciting experience, and for many people exemplifies the American dream. With a new tax credit for first-time home buyers, the current buyers? market and historically low … read more…
Home Inspection Checklist
There are many good reasons to hire a professional home inspector to inspect a home you are hoping to buy. Aside from ensuring that the home you are trying to buy is in good shape, the home inspector … read more…
From GoArticles.com
Open Question: Bidding on a Probate home with lots of Termite Problems in West Covina, Ca?
My husband and I really like a house in West Covina, Ca that is listed as a Probate Sale. We submitted an offer and was quickly accepted. Soon after we started doing the inspections. The home inspection and Termite inspection was not great. To begin with most of the floor inside the house squeaks, in one bedroom, there must have been water damage because the wooden floor is lifted. One the three restrooms also has water damage…there is a leak that has ruined the floor and it needs a shower replacement and most obvious the floor. When the termite inspector was there, he stated that the house was filled with Termites. Most obvious on the outside beams and the backyard patio that is connected to the house, in which is were Termites begin…open air places. Then he went into the detached garage, where he stated that no piece of wood there was termite free. After poking through most of all woods, the dust of the wood was just fall. We then got a roofer to come and give us an estimate on the property. The roofer then told us that the house was in need of a new roof and also mentioned about replacing the beams around the house and replacing most the outside patio. And also stated that roof on the garage and the beams on the garage where also necessary to fix.
Not to mention that most of the house inside needs flooring. Two bedrooms, and the hallways as well as the living room are all covered with squared wooden sheets. The kitchen floor is also in need of flooring.
***My husband and I really like the floorplan and know that this home has potential. But when we placed our offer on this home, we did not foresee the extra expenses. Yes, we did see the flooring expense, but not the roof and beams and all that extras. We placed our bid really close to asking price, in which is what the home was appraised at. Other homes in the area haves sold for the same price and are in living condition.
——–>So finally my question is, Will the sellers to this Probate home give us any credit for fixtures. Or are probate sales just listed as is. As far as we know, many people have either not passed through escrow or others have backed off after seeing all the fixing the house needs (per neighbors to home). Is this a good investment, this would be our first home, and the home where we would like to raise our children.
Resolved Question: Real Estate Appraiser - Verify Repairs?
This is not a new construction nor a FHA-insured loan.
I am trying to purchase a foreclosure in Florida and my bank required repairs made that were noted on a home inspection report.
I had 5 licensed contractors come in and do the required repairs (electrical, AC, windows and doors, etc.) … all minor, maintenance, per the contractors (none noted that any impaired the safety, sanitation or structural soundness of the dwelling). I even had an architect look for structural integrity issues for my own peace of mind (architect opinion allowed under Florida Law).
I had each licensed contractor sign the home inspection report next to each repair that applied to them and I have their itemized bills / invoices which state repairs made per inspection report or inspector.
Last week the appraiser came out to the property without anyone’s knowledge; and therefore, did not go over the inspection report. He said he would only look at what he noted on his original appraisal (items which were not required to be repaired by the bank).
The bank order the appraiser again to came back to the house and again specifically order the re-inspection according to the home inspection report.
Now another week has gone by. Time is of the essence and I am paying 100.00 per day to the seller for this delay up until the day of closing because I have asked for 3 extensions, so far it has cost me 700.00 for this delay and will cost me another 1,400.00. I also had to sign an extension including that my 2,000 earnest money is now be non-refundable. If do not close in 1 week, I will lose the house and the money I have paid for the repairs (all contractors came in less than 24-hours notice and finished in 4 days).
How is the appraiser to verify that the repairs have been done? He will do a walk-through I assume. Some things are visual, but others are not.
Can he use my copy of the home inspection report signed off by the contractors and their itemized invoices?
Crazy, I know. But the banks are making it extremely had to purchase a REO / Foreclosure. I know you are saying, just get another house. I really want this house, I am getting it for a great price and it is a great investment. I looked at 22 other houses and this one is in great condition for a foreclosure. I agreed to do the repairs because I would have done them anyway. Besides I was 6 weeks into the deal when the bank made the demand for the repairs. This appraiser took 3 weeks to come out and do the first initial appraisal.
Thanks for your time in answering my question!!
Thanks kemperk. I do have a buyer’s broker and he is working hard to fight these people, especially the appraiser. And I do now have an attorney to file suit if I do not close.
This is in part “the principal” … big banks beating up the hard working little girl or guy. I am not the only one this is happening to.
Voting Question: What amount, if any, should an almost victim pay someone who saved him from foolishly paying for a scam?
A long time boarder (in his early sixties) with a 76 year old elderly gentleman at his residence learned his landlord had just signed a $19,000 dollar contract for his home driveway with an asphalt contractor who had just appeared from nowhere saying he had an oversupply of asphalt from another job he had just finished and would begin paving this driveway at a highly reduced rate if he would just allow him to start immediately with the surplus from the other finished job and give him a $7,000 check.
Hearing the price and the story shortly afterwards, and due to the fact it was after business hours on a Friday , the boarder immediately went to his computer and searched for a National Asphalt Contractor’s Trade Assoc. website. Sure enough he found a warning on the home page for customers to beware of contractors appearing unexpectedly saying they had a surplus from another job that they would sell cheap…it’s a scam approach. The boarder then printed out the warning and took it to the landlord who, when uncomfortable concern had initially been expressed by the boarder about the contractor’s price and his approach tactics, replied assuredly he’d assessed the cost of an asphalt driveway some time before and that he thought the price was OK. (He admitted later that he had not really done this) He also said that he had already signed the contract and that it was too late to do anything.
To make a long story short(er), the boarder had to wait until the following Monday (contractor appeared and started the job on a late Friday…that’s part of the scam strategy) to contact the State’s Attorney General’s office. When the contractor returned to finish the job late Monday morning the boarder confronted him, took his vehicle license number and told him he would be contacted by an inspector (name given to him). The contractor was obviously shaken and asked the boarder what he would have to do to not have to talk to that inspector. After we all, landlord included, sat down inside the home office to discuss my suggestion of doing the whole job at $1.00 per sq./ft. the phone rang. It was the inspector wanting to first speak with the home owner, and then he asked to talk to the contractor. When the inspector from the AG’s Consumer Protection Office had finished talking to this contractor (and with whom he had confronted on occasions prior to this incident), the contractor agreed to the following:
1. Repave the already paved portion of the driveway and finish the rest at a depth of 3″ (instead of the 1-2 inches he had started with).
2. He would not only tear up the previous contract, but write another at a charge of only $1.00 per sq/ft of surface area for the entire job (the boarder recommended figure)
3. After measuring for the total job area and having us agree to that assessment, he would return the difference in cash between that job cost and the $7,000 the customer had previously paid him.
4. He would make sure the customer was completely satisfied in every way before leaving and after-wards.
Thanks to the intervention of his long-time boarder (and,yes, with the clout of the AG’s office) this elderly gentleman had essentially recovered approximately $14,400 which he would have foolishly overspent on his driveway, and even ended up with a better quality (thicker) driveway to boot.
[The initial contract called for $19,000, a $12,000 final payment when the job was done, after an initial $7,000 payment to begin. The contractor instead refunded approx $2,400 in cash when the new job cost was calculated to be approx. $4,600]
How much, if anything at all, do you think would have been fair for the elderly man to offer his boarder as a reward or compensation for having intervened, despite his initial dis-concern, and who’s efforts had saved him $14,400 from being foolishly wasted…not to mention also getting the better quality, thicker driveway
Just so you’ll know, yes, I’m the boarder and the elderly gentleman never offered a penny. Comments about this elderly gentleman’s behavior aren’t necessary or sought by me, but I would like several comments on what people of different backgrounds think would have been a fair monetary tribute to offer me as a gesture of appreciation, or whether you don’t think a monetary offer/reward was necessary or appropriate.
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John Goodman’s Health Policy Blog » Blog Archive » Nursing Home Scandal
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is watching a house inspector walk a buyer through the neighbor’s home… hope it sold it for a price that doesn’t hork the local comps…
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2.5 hours until we meet Home Inspector. Scary cool. House is sold as-is but we are proceeding no matter what…price is too good to pass up!
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