One of the most common concerns from buyers is the condition of the house. Buyers do not want to end up with a house that has lots of problems.

To avoid that, here are five steps to protect buyer's interest in the purchasing process:

1. Buyer's own visual inspection. Some of the problem can be easily spotted such as broken windows, shifted foundation or mold.

2. Agent's visual inspection reports. Both listing and buying agents will fill out a separate report detailing what they see visually about the property and give buyer a copy.

3. Sellers are required to disclose certain types of information about the homes they are selling. Sellers will provide a report to disclose condition of the house.

4. Professional home inspection detailing the condition of the property. Once the defects are located, buyer can ask the seller to fix those problems.

5. Seller will normally provide a one year home warranty plan to cover any plumbing, electrical, pest control, air condition, water heater, roof leak, and/or Pool/Spa equipment A good agent shall be able to assist you in making that request when filling out the purchase contract.

With all the above steps performed, buyer can rest assured that no serious defects are overlooked and can request for the correction prior close of escrow.

 

7 Comments on Buyer's Protection When Buying A Property

JUL
29
Outside Blog

Truly it is these basic items that can give a buyer some peace of mind.

7:23am • #1
1 Featured Post Localism Sponsor

Caroline:

A lot of the homes in this area are not sold by the homeowners but by banks and I agree the formula that you prescribe above works great, but if you are dealing with a bank owned property, what I recommend is giving the buyers a copy of the TDS not filled out, and letting them see what they would have gotten if they had a seller who was a home owner and not a bank.

7:25am • #2
383,793 Points 2 Featured Posts Localism Sponsor Outside Blog

The home warentee is really one of the keys to the whole thing. Nice post and really you cover the ABC's of buyer protection thanks

7:25am • #3
353,487 Points 9 Featured Posts Localism Sponsor Outside Blog

Nice list of items for buyer to be aware of.  I have found most of these warranty program exclude just about everything.  Have you found a good warranty program that really give some coverage?

7:33am • #4
176,513 Points 2 Featured Posts Outside Blog

It is impossible to find a re-sale home which is prefect; they usually never are. IMO... Make that very clear to all buyers you work with. The must thoroughly inspect the home prior to closing to avoid surprises later and spare no expense on inspections prior to buying or pay later.

7:41am • #5
157,695 Points

NAR says you have 7 seconds to grab a buyers attention.  The appearance of the home in this picture would not grab my attention.

8:40am • #6
AUG
27
Outside Blog

Hi Caroline. All great tips for home buyers. Sales are on the move in our area. I know that we have seen a huge increase in home inspections from West Covina to Corona. Hope to work with you someday soon Happy Selling.

David From

David Home Inspection Services

10:24am • #7

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Caroline Tsou

Diamond Bar, CA

More about me…

RE/MAX Realty 100

Address: 1411 S. Diamond Bar Blvd, Diamond Bar, Ca, 91765

Cell Phone: (626) 922-8408

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and Diamond Bar real estate on ActiveRain.