Home Inspection issues seems to have become a hot topic in the real estate market.  But can you have it your way?  When we were experiencing a Seller's market, Buyers were striking Inspection Contingencies right out of the contract just to secure their bids.

The sort of inspection issues that were accepted by Buyers in the past few years of the Hot Seller's Market are now causing negotiations to continue right up to the Closing Table.  While home prices have come down in most parts of the Country, there are still areas where prices have not been affected by the overall state of the market.Man eating Hamburger

The problem with this new  viewpoint is that not all Sellers are seeing the same issues as reasons to negotiate.  They aren't allowing Buyers to have it their way in many cases because they are now holding two mortgages!  Is it possible that Buyers have become more demanding due to the state of the economy?  Or has the media become the scapegoat in this new trend?  How many people are blaming the media for the reality of the market? Could it be that the Sellers are just not getting the fact that the market moved over to the "other side"?

Everyday we talk to other agents involved in transactions fraught with inspection issues.  Have we become so smart about homes that we have lost touch with the main reason home ownership is such a wonderful thing?  When did the American Dream become such a Nightmare?

Perhaps we have come to a point when negotiating is the new phenomenon!  Obviously something has shifted - but what?  The average home inspection lasts approximately two hours in duration.  The following is an abbreviated list of points that your Home Inspector will review with you after you have the home of your dreams inspected:

  • Driveway condition
  • Sidewalks, stoops & Decks
  • Roof age & condition (including eaves, soffits and facia boards)
  • Sprinklers, Hoses and outside drainage
  • Gutters & Downspouts
  • Siding material and condition
  • Kitchens & Baths
  • Chimneys and Fireplaces
  • Heating & Cooling Systems
  • Oil & Underground Tanks
  • Windows & Doors
  • Electric Service and Panel
  • Interior Walls, Floors & Ceilings
  • Attics
  • Basements
  • Appliances (if included)

Now this is an abbreviated list as it depends on the type of home you are purchasing and what inclusions there are.  But you get the idea, there are many issues to explore when purchasing a home.

Let us not forget that Homes are one of the single largest expenses that most people will have in their lives.  Sellers and Buyers should review all things considered in the negotiation process.   Having said that, is it any wonder that in this current market, with Home Inspection Issues many are asking Can You Have It Your Way?   

 

 

__________________________________________________________________________________________________________

 Search New Jersey Homes  Bergen County Real Estate  Bergen County Home Seller Tips  Bergen County Home Buyer Tips  Contact Bergen County Realtors  Free Bergen County Home Evaluation

Lisa & Robert Hammerstein • Sales Associates • Re/Max Real Estate Associates • (201)218-6802

Address • 123 Broadway • Woodcliff Lake, NJ 07677 •

If you or someone you know is planning a Move or Sale of their home in the near future, call your Pascack Valley experts, Lisa & Bob Hammerstein at (201)218-6802 or visit us on our website at www.HammersTeam.com.  We'll be able to help you if you're Moving or selling in any of the Pascack Valley towns in Bergen County New Jersey.


For more Local Information about the Pascack Valley area of Bergen County, New Jersey, call Bob & Lisa at (201)218-6802or visit us online at www.HammersTeam.com.

Your Real Estate Resource for the Pascack Valley!


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__________________________________________________________________

 Search New Jersey Homes  Bergen County Real Estate  Bergen County Home Seller Tips  Bergen County Home Buyer Tips  Contact Bergen County Realtors  Free Bergen County Home Evaluation

Robert & Lisa Hammerstein • Sales Associates • Coldwell Banker • (201)315-8618

Address • 50 Broadway • Hillsdale, NJ 07642 •

 

 
Post is included in group: Pascack Valley Home Sellers

5 Comments on Home Inspection Issues>> Can You Have It Your Way?

NOV
28
2007
2 Featured Posts

That burger looks good <gg>

This is an excellent consumer article Lisa!

7:08pm • #1
Good article guys.  Maybe it begs the question of what the accepted bid is and how quick the sellers were to agree to it? could this be a case of Buyer's remorse before the deal closes? Buyer could be thinking they offered too much and now can negotiate to a lower amount than originally offered by using the inspection as a bargaining chip...
9:32pm • #2
NOV
29
2007
259,944 Points 25 Featured Posts Localism Sponsor Outside Blog

Hi Mark,

Thanks for stopping by.  Yes, our post begs many questions regarding inspection issues and in the environment we're in the Buyers seem to be fighting back against escalating home costs.

 

10:43am • #3
2 Featured Posts

Lisa...I stopped by your outside blog and thought it was coming along nicely. Good job :)

 

9:13pm • #4
NOV
30
2007
259,944 Points 25 Featured Posts Localism Sponsor Outside Blog

Moni,

Thanks again for your undieing support!  I can see why you are a successful trainer!

 

 

8:43am • #5

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Pascack Valley Real Estate, Lisa and Robert Hammerstein

Hillsdale, NJ

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Coldwell Banker

Address: 50 Broadway, Hillsdale, NJ, 07642

Office Phone: (201) 930-8820 x 199

Cell Phone: (201) 218-6802

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