First Time Home Buyer News

r/RealEstate – Buyer – foundational issues found during home inspection – should I worry?

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Should I Fix Foundation Issues Before Buying Or Selling A Home?. savvy buyer will order a thorough house inspection performed by a licensed structural engineer prior to purchasing a home. During this inspection, a qualified inspector will be able to detect any damage to the foundation.

About the Author: The above Real Estate information on why real estate agents should attend home inspections was provided by Bill Gassett, a Nationally recognized leader in his field.Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 32+ Years.

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So, what should someone do when they are buying a house? There are a few easy tips buyers can follow to avoid major problems after purchasing a property: Always get a seller disclosure statement and review it carefully. If you have any questions about any answers, ask the seller for more details. Get a home inspection.

Make sure your real estate agent explains the details of the home inspection process to you during the listing presentation. Make sure your agent discusses the pros and cons of a pre-home inspection during this initial consultation. The agent should provide his or her client a list of at least three home inspectors to choose from.

Home Defects – A Buyer or Seller Cost? Inspection contingencies give homebuyers a chance to negotiate additional costs of minor home defects Determining who pays for defects that are found during inspections before the closing can be a controversial and touchy subject, especially if you are talking to the home seller.

A foundation problem is one of the most intimidating things you can encounter when buying a house. If you agree to buy a home after foundation issues have already been detected and documented, you are assuming the responsibility (and cost) of addressing those issues. You cannot later try to hold the previous owner accountable.

First Time Homebuyers Program Continues to Remain Popular Adjustable rate loans (arm) adjustable rate loans are also one of the first time home buyer programs. However, it’s not always the best choice for you. They are home mortgages where borrowers are given an introductory rate for a specific period of time, for example, one month to 10 years, depending on the product.

So, what are the top red flags to look for when buying a home? Here are the top 10 red flags to look for when buying a home. Top Home Buying Red Flags – #1: potential foundation/structural problems. One of the most costly repairs to a home is correcting foundation problems. The foundation of a home is arguably the most important part of a home.