the home buying process: Home Inspection - Always a Smart Decision
- 11/18/15 12:54 AM
Under the inspection repair and maintenance section of your home purchase contract, a seller has some limited responsibilities to the buyer to warrant certain items and/or systems in the home. While your agent may be representing you as a buyer, they are in no way qualified to determine the condition on these items and/or systems. As the buyer, you need to do your due diligence during the time alotted in your contract. For that reason, I strongly recommend to all of my customers buying property to employ the services of a professional Licensed Home Inspector to make these determinations. In my experience as a … (1 comments)
the home buying process: What happens if the home I'm buying doesn't appraise?
- 11/12/15 10:34 PM
Once the price and terms are negotiated and you're under contract for the purchase of your new home, one of the next steps is your mortgage person will order an appraisal to determine that the home is worth at least the contract sales price. We Realtors breathe a lot easier once the appraisal comes back, as appraisals are so subjective.
If the appraisal comes in lower than the contract price, your lender will inform you, the buyer, that the value came in less that the sales price. The lender cannot loan you more than what the appraiser says that it's worth. Here … (1 comments)
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Stephanie LeFew
Making Real Estate Easy for You-It's all about You
Under the inspection repair and maintenance section of your home purchase contract, a seller has some limited responsibilities to the buyer to warrant certain items and/or systems in the home. While your agent may be representing you as a buyer, they are in no way qualified to determine the condition on these items and/or systems. As the buyer, you need to do your due diligence during the time alotted in your contract.
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