Sunday, December 19, 2010

Buyer's Beware

One of the most frequently asked questions I hear as a professional Realtor is, " Do I really need to spend the money on inspections?' I encourage all of my buyers to obtain inspections related to the purchase of the property. 

Just because the property looks alright doesn't mean it is. When you have inspections done be sure the inspectors are reputable professionals because repairs like these can break the bank.
1. Water Drainage
2. Worn Roof
3. Bad Foundation
4. Pest infestation
5. Inadequate or defective components of the property that is
                   a. Electrical Wiring
                   b. Heating or cooling systems
                   c. Plumbing
6. Other areas to consider inspections on are
                    a. Adverse location
                    b. Environment
                    c. Title
                    d. Survey

These will get you started on what to ask your inspectors to check. Other inspections depending on the property in question may include, but not be limited to
                  a.  Well  or other system designed to supply water for human use.
                  b.  Septic or other waste water disposal systems
                  c   Road - who maintains it and the frequency

Spending a few hundred dollars now can save you from spending THOUSANDS latter. I hope you find this information helpful in purchasing your next residential property. Best wishes!

Bob

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