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How to get the most from a home inspection
How to get the most from a home inspection

CTV News

time3 days ago

  • Business
  • CTV News

How to get the most from a home inspection

Your bid just got accepted on the home you want, and suddenly there's so much to think about—the mortgage, the homeowners insurance, your move. As the clock ticks toward closing, your real estate agent hurries you along. In such a high-stakes rush, it may seem like a luxury to brake for a slo-mo walk through your future home as an inspector peers over rooftops, pokes at basement walls, and peeks into crawl spaces. But of all the things you need to get done, a home inspection should be at the top of the list. It's your one opportunity to have a trained professional diagnose the health of a home's mechanicals, structure, plumbing, roof, and all sorts of other components. It's a chance to get to know the house a little better before you fully commit. And the report the inspector produces gives you leverage to negotiate a lower price, or repairs, especially if costly issues turn up. For all those reasons, based on guidance from expert inspectors and real estate professionals contacted by Consumer Reports, we recommend that you make time to attend your home inspection, which typically takes two to four hours. You'll see firsthand what the issues are and also get a chance to really examine the house yourself. Some inspectors are fine with you attending the inspection for the whole time. Others prefer working alone for the first couple of hours so that they can concentrate and then have buyers come for a walk-through toward the end of the inspection. Either way, plan on being there. 'A home inspection is like a medical exam,' says Bob Acuff, owner of RE/MAX Services, a real estate brokerage based in Blue Bell, Pa. 'It's an education for the buyer about something very complicated. So take the time to ask the inspector questions, study the report you get afterward.' To make sure the precious few hours of your inspection pay off—not to mention the report itself—follow this advice from experienced home inspectors and real estate agents. What to know before you go Don't bring your kids or pets. This is definitely an instance where you'll want to drop off your little one at grandma's and leave your dog at home, because both you and the inspector need to be able to focus on the inspection. 'Having kids around is a distraction,' says Raymond Hogan, a home inspector and owner of Second Look Home Inspections in Cobden, Ill. Another concern: They could get hurt or accidentally break something. Wear the right footwear. This is no time for flip flops; wear sturdy closed-toe shoes. You want to be able to follow your inspector around wherever they go, and that may include muddy yards and damp basements. These areas could be where your inspector identifies the most troubling concerns, like water damage or a sinking foundation. During the inspection This is your chance to get an in-depth look at a place you may call home and ask all the questions you want. 'There are a lot of systems in a house to go over,' says Don Norman, a senior building consultant for BPG Inspections in Alpharetta, Ga. Do the following as you walk through the house: Take your time. 'Most people bid on a house after they've viewed it for 15 minutes,' Norman says. 'I've had people walk into a house and say they thought the dining room was in a different place. The inspection is a good time to look again and make sure the home is how you remember it.' Listen for hints of trouble. It's not the inspector's job to tell you whether to buy a home or bail. But during your time together, listen for clues, advises Gary Roholt, owner of A+ Inspection Specialists, based in Rice Lake, Wis. 'Listen for words and phrases like 'major,' 'significant,' 'immediate repair,' 'get estimates,' and 'needs to be fixed now,' ' he says. If you hear the words 'fungal material,' your inspector is talking about mould, but because of liability reasons, may not want to come out and say the word 'mould.' Your inspector should know local building codes and will let you know, both in person and in their report, when something in the house could be unsafe or is outright dangerous. 'If it's a safety issue, we're going to comment on it,' Norman says. If the inspector finds a significant concern and you really want their opinion on whether to steer clear of the home, frame your query in a way that doesn't put them on the spot. For instance, you could ask the inspector whether it would be a deal breaker for them or a family member, says Tina Marie Jung, a Realtor with RE/MAX Results in St. Louis, Mo., who represents buyers in half of her transactions. Jung says an inspector once told her client point-blank: 'I'd tell my daughter to walk away.' Note where key controls are. Pay attention when the inspector points out important components, such as the electrical breaker panel, the furnace emergency switch, and the water main shutoff. It will save you headaches later if, say, you need to turn off the water when an internal pipe bursts. The inspection report may include photos or even videos identifying those items, but you're more likely to remember them if you see them for yourself, Hogan says. Get referrals for other experts. Some home inspectors have specialized training or certification to inspect, say, artificial stucco or log homes. But they aren't experts in every building trade. Also, they can only point out problems they can see. Though an inspection report may indicate potential concerns with septic systems, pest infestations, radon, asbestos, water quality, and possible signs of mold, it's not meant to outline the entire scope of those problems. For that, you'll need experts who have specialized training in those fields. Your inspector will probably be able to recommend qualified specialists. You can also approach friends who've hired these professionals in the past for referrals, or check online reviews of specialists to home in on a candidate. Your inspector finds worrisome foundation cracks? You'll want a structural engineer or an architect to check it out more thoroughly. Does the house have a septic system? You'll want a septic-system testing company to come out and make sure it's in working order. Looking at a home that's 70 years or older? Consider hiring a plumber to use a 'sewer cam' — a big plumbing snake fitted with a video camera — to scope out blockages in the waste pipe that connects the home to the municipal system. 'In my area, a sewer cam costs US$175,' Jung says. 'But if the waste line turns out to need replacement, it could be $15,000 to $20,000 to jackhammer the sidewalk to get at it.' At the negotiating table Inspectors usually complete the report within a day or two. Once you have it in hand, task your real estate agent or attorney with presenting the items of concern to the seller for further negotiations. And if the inspector has mentioned specific issues that an expert should look at, don't be shy about telling the seller you need time to get those evaluations and estimates. Focus on major concerns. In your negotiations, bring up concerns that require remediation and repairs. There's often the most wiggle room for addressing problems with the major components of the home, such as the roof or HVAC, or concerns about radon or termites, Jung says. Bringing up minor concerns, though, may antagonize the seller. 'Stay away from mentioning the small nuts and bolts,' she says, 'the squeaky floors, missing locks on the door, the dishwasher needing to be replaced in a year.' Be firm on fixing safety and health threats. Sellers are more likely to negotiate on safety problems, such as a missing handrail on the stairs, especially if fixes are required for occupancy, says Jonathan Mernit, a real estate agent with Coldwell-Banker in Dobbs Ferry, N.Y. And health concerns that surface from further tests—like radon in basements—are a no-brainer, he adds. If the test comes back with results over the limit, the seller will have to remediate. 'The issue's going to come up with other buyers, so they're not going to say no,' he explains. Be open-minded about compensation. Keep in mind that you have more options than just asking for a lower price. For instance, you can ask the seller to give you a credit at the closing for the repair costs or see whether they will hire a professional to make the necessary repairs. Be realistic. If the seller agrees to repair or replace an item, don't expect her to pay for anything except the most basic work necessary, Jung warns. In a roof repair, for instance, you'll need to specify whether you want higher-quality shingles, and pay the price difference. 'The seller isn't going to give you the Cadillac of roofs,' Jung says. Be aware that your negotiating success may depend on whether the real estate market currently favors buyers or sellers. 'Seven or eight years ago, it was clearly a buyer's market where they were able to negotiate potentially thousands of dollars off for minor defects,' Acuff says. 'Sellers just wanted to get their house sold. That's not the market we're in today.' In fact, real estate agents told us, in a seller's market you could be competing with a buyer who doesn't require an inspection at all. In that case, you'll have to decide whether to back off your demands or walk away. 'Sometimes the best deal you do is the deal you don't do,' Acuff says. After your closing If you do buy the home, use the inspection report as a road map for repairs and maintenance. And don't be shy about contacting the inspector, even long after you've moved in. Norman notes that he doesn't charge anything to discuss his report—even years after the inspection—and in his experience, most home inspectors would do the same. By Tobie Stanger, Consumer Reports

UAE Property: ‘Do I need a real estate agent when buying off-plan?'
UAE Property: ‘Do I need a real estate agent when buying off-plan?'

The National

time30-05-2025

  • Business
  • The National

UAE Property: ‘Do I need a real estate agent when buying off-plan?'

Question: I've been considering buying an off-plan unit for some time but have been put off by some pushy real estate agents. Do I need an estate agent when buying off-plan? VK, Sharjah Answer: The straight answer is no, you do not require the services of an estate agent when buying off-plan. However, I would urge you to consider all the factors listed below before doing so. Going directly to a developer may seem like the best option when buying an off-plan unit, by thinking they may reduce the quoted price as there is no commission to be paid to a real estate broker. This is often not the case as many developers have their own sales teams and they still pay their teams commission, so it is very unlikely you will get a better deal than if you went through an agent. Another point of note is that developers need brokers and they have built up years of business relationships nurturing these contacts. Often going through a reputable broker gets you a better deal or some sweeteners perhaps. Getting hold of a preferred unit at the launch is also very challenging. Going through an agency can help you secure your unit of choice due to the sheer number of units a broker sells for the developer, therefore potential favours may be factored in. The broker thrive on building relationships with their clients, so going through an agent to buy an off-plan unit will ensure your best interests are managed and exceeded, as any company would want your repeated business, too. You can go directly to a developer to buy an off-plan unit but going through an estate agent to do so could get you a better deal and help to support your purchase in the long run. Q: I have rented a property since last year and wish to renew my lease for another year when my contract ends in October. However, the landlord hasn't said anything directly to me about what he wants to do but is skirting around the edges of wanting to evict me citing 'personal reasons'. Are there specific notice periods that landlords must give tenants in Dubai before eviction for reasons other than non-payment of rent? PS, Dubai A: The first thing to note is that a tenancy contract automatically renews under the same terms and conditions as before (unless otherwise agreed). If a landlord wishes to get a tenant out, he can do so for only four reasons. One would be if he needs to sell the property. Another would be for reasons of moving in himself, or his next of kin of first-degree. The third reason would be for major refurbishment that would otherwise prevent a tenant from having quiet enjoyment of the property due to the work being carried out and lastly, for a reason of demolition. For these last two reasons, the landlord would need written approval from the concerned authorities. For the reason of moving in, the landlord would not be able to re-let the property for a period of two years after eviction. You could get compensation if the landlord violates this last part. For these four reasons, the landlord must inform you about eviction through notary public or registered mail and give you at least 12 months' notice to vacate. This is the only way you would be asked to leave. There are no other shortcuts for the landlord. Remember that these are not related to non-payment of rent. In this case, there are different notice periods that must be adhered to.

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